Discrete choice theory of product differentiation / (Record no. 13254)

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010 ## - LIBRARY OF CONGRESS CONTROL NUMBER
LC control number 92015791
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780262267120 (EBOOK)
Terms of availability Access through EBSCO Platform only.
040 ## - CATALOGING SOURCE
Original cataloging agency DLC
Transcribing agency DLC
Modifying agency DLC
082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 658.8343
Edition number 23
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Anderson, Simon P.
245 10 - TITLE STATEMENT
Title Discrete choice theory of product differentiation /
Statement of responsibility, etc. Simon P. Anderson, André de Palma, and Jacques-Franc̜ois Thisse.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Cambridge, Mass. :
Name of publisher, distributor, etc. MIT Press,
Date of publication, distribution, etc. c1992.
300 ## - PHYSICAL DESCRIPTION
Extent xviii, 423 p. :
Other physical details ebook ;
Accompanying material pdf material.
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc. note Includes bibliographical references (p. [401]-416) and index.
505 ## - FORMATTED CONTENTS NOTE
Formatted contents note introduction
1.1Product Differentiation and Discrete Choice Models
1.2Some Basic Themes5
1.3Organization of the Book102
Review of Discrete Choice Models132.
1Introduction13
2.2Models with Discrete Responses14
2.3Foundations of Discrete Choice Models17
2.4Models with Stochastic Decision Rules20
2.5Models with Stochastic Utility29
2.6The Multinomial Logit39
2.7Generalizations of the Multinomial Logit45
2.8Stochastic Dependency among Alternatives 49 2.9Conclusions52
2.10 Appendix53
3The Representative Consumer Approach63 3.1Introduction63
3.2Discrete Choice Models and the Demand for Differentiated66 Products
3.3Reinterpretation of Demand with a Continuum ofCcnsumers69
3.4A Representative Consumer Theorem for Discrete ChoiceModels70
3.5The Multinomial Logit Representative Consumer76
3.6The Logit Representative Consumer with EndogenousTotal Consumption80
3.7The CES Representative Consumer Model85
3.8Conclusions90
3.9Appendix
520 ## - SUMMARY, ETC.
Summary, etc. This important study shows that an understanding of product differentiation is crucial to understanding how modern market economies function and that differentiated markets can be analyzed using discrete choice models of consumer behavior.Product differentiation - in quality, packaging, design, color, and style - has an important impact on consumer choice. It also provides a rich source of data that has been largely unexplored because there has been no generally accepted way to model the information available. This important study shows that an understanding of product differentiation is crucial to understanding how modern market economies function and that differentiated markets can be analyzed using discrete choice models of consumer behavior. It provides a valuable synthesis of existing, often highly technical work in both differentiated markets and discrete choice models and extends this work to establish a coherent theoretical underpinning for research in imperfect competition.The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location. Discrete Choice Theory of Product Differentiation introduces students and researchers to the field, starting at the beginning and moving through to frontier research. The first four chapters detail the consumer-theoretic foundations underlying choice probability systems (including an overview of the main models used in the psychological theory of choice), while the next four chapters apply the probabilistic choice approach to oligopoly models of product differentiation, product selection, and location choice. The final chapter suggests various extensions of the models presented as well topics for further research.
Expansion of summary note Taken from the Publisher's site.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Consumers' preferences
General subdivision Mathematical models.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Product differentiation
General subdivision Mathematical models.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name De Palma, Andre.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Thisse, Jacques Franc̜ois.
856 ## - ELECTRONIC LOCATION AND ACCESS
Materials specified E-Book Access
Uniform Resource Identifier https://web.p.ebscohost.com/ehost/ebookviewer/ebook?sid=d1491952-0fdb-4e35-bb8c-636aeca98a0b%40redis&vid=0&format=EB
Link text E-Book Through EBSCO Platform
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942 ## - ADDED ENTRY ELEMENTS (KOHA)
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Koha item type E-Book PDF
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      EBook     Indian Institute of Management Udaipur Indian Institute of Management Udaipur Audio Visual 2023-05-18 33 22283.00 E/23-24/May-026 - 11/05/2023 658.8343 ASP E00003 2023-05-18 1 23085.00 2023-05-18 E-Book PDF Under E-Book Collection

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