The Equilibrium of Competitive Service Markets

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

Chapter Chapter 9 in Congestion-Prone Services Under Quality Competition, 2011, pp 209-238 from Springer

Abstract: Abstract This chapter extends analyses presented in the previous chapter for service markets in monopoly to service markets in forms of quantitative and qualitative competition among multiple firms. Analyses in the previous chapter are extended through the application of the user equilibrium approach for competitive service markets, a more generalized version of the same approach for service markets in monopoly. This user equilibrium approach for competitive markets fundamentally differs from existing approaches for congestion-free firms in two respects.

Keywords: Service Time; Demand Function; Directional Derivative; Market Equilibrium; Reaction Function (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_9

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DOI: 10.1007/978-3-642-20189-9_9

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