The Industrial Structure of Service Markets

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

Chapter Chapter 10 in Congestion-Prone Services Under Quality Competition, 2011, pp 239-274 from Springer

Abstract: Abstract Existing approaches for analyses of market equilibrium generally postulate that all firms in a given market have a single, exogenously predetermined type of industrial organization. Examples include oligopoly, perfect competition, or any one of other traditional organizational types. Furthermore, such approaches characterize market equilibrium through analyses of a decision-making problem specific to each industrial organization type. In contrast, the user equilibrium approach introduced in the previous chapter characterizes market equilibrium without imposing any restrictions on the industrial organization type of firms in competitive markets. Instead, the approach depicts market equilibrium through analyses of a PMP common to all types of industrial organization under the following two implicit premises.

Keywords: Service Quality; Elastic Demand; Service Market; Price Rule; Price Formula (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-642-20189-9_10

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DOI: 10.1007/978-3-642-20189-9_10

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