Quality-Differentiated Demand and the Analytics of Disruption
Charles F. Adams
The American Economist, 2021, vol. 66, issue 2, 315-322
Abstract:
The article builds on and extends two earlier teaching notes on the enhancement of undergraduate microeconomics to encompass quality considerations in consumer choice and market responses to those preferences. This enhanced framework is then applied to an analysis of market disruption, providing a credible and accessible path for predicting threats to higher end industry leaders from lower end competitors. JEL Classifications : D0, D2, D4
Keywords: quality-differentiated demand; market; disrupt (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:66:y:2021:i:2:p:315-322
DOI: 10.1177/0569434520970854
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