The Equilibrium of Monopoly Service Markets

Dong-Joo Moon ()
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Dong-Joo Moon: Seoul National University

Chapter Chapter 8 in Congestion-Prone Services Under Quality Competition, 2011, pp 181-208 from Springer

Abstract: Abstract A service firm usually facilitates demands below the capacity of the service system operated. For such a service firm, called the congestion-prone service firm (service firm or firm, for short), the actual choice component consists only of price and capacity. After the firm chooses its price and capacity, its customers play the role of finalizing the demand and service time of the service system operated. For example, if the service system is congested, some customers stop using the system, and, thus, the demand and service time of the system are both reduced.

Keywords: Service Time; Service System; Demand Function; Service Firm; User Equilibrium (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1007/978-3-642-20189-9_8

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