We analyze entry of a firm with a new and differentiated product into a market with two properties: An existing incumbent has a captive consumer base, and all consumers have heterogeneous tastes. The interaction of the share of captive consumers with the degree of taste heterogeneity leads to...

We analyze entry of a firm with a new and differentiated product into a market with two properties: An existing incumbent has a captive consumer base, and all consumers have heterogeneous tastes. The interaction of the share of captive consumers with the degree of taste heterogeneity leads to...

Der Autor untersucht den Städtebau Chinas und die damit verbundenen Wohnungsbauprobleme. Die chinesische Bevölkerung ist mit dem notwendigen Wohnraum versorgt, der allerdings äußerst einfach ist, und es gelang bisher, die Städte vor unkontrolliertem Bevölkerungszuzug zu bewahren. In der...