Retailing under Monopolistic Competition: A Comparative Analysis

Olga Tilzo, Igor Bykadorov

Research output: Chapter in Book/Report/Conference proceedingConference contributionResearchpeer-review

4 Citations (Scopus)

Abstract

The paper presents extensive research on the analysis of the monopolistic competition model altered by adding vertical market interaction with several manufacturers, a retailer and consumers. The analysis of different types of interaction of market participants is given. The characteristic of these situations is presented in terms of the retailer's and manufacturers' profits, special attention is also paid to the consumer surplus function. The comparison of different types of interaction allows us to identify their strengths and weaknesses, and reveals the various possibilities of maintaining the balance. For each situation under consideration, detailed solutions are provided, and ways to further improve the model are proposed.

Original languageEnglish
Title of host publication2019 15th International Asian School-Seminar Optimization Problems of Complex Systems, OPCS 2019
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages156-161
Number of pages6
ISBN (Electronic)9781728129860
DOIs
Publication statusPublished - Aug 2019
Event15th International Asian School-Seminar Optimization Problems of Complex Systems, OPCS 2019 - Novosibirsk, Russian Federation
Duration: 26 Aug 201930 Aug 2019

Publication series

Name2019 15th International Asian School-Seminar Optimization Problems of Complex Systems, OPCS 2019

Conference

Conference15th International Asian School-Seminar Optimization Problems of Complex Systems, OPCS 2019
CountryRussian Federation
CityNovosibirsk
Period26.08.201930.08.2019

Keywords

  • consumer surplus function
  • Dixit-Stiglitz model
  • monopolistic competition model
  • Nash equilibrium
  • retailer
  • social welfare function
  • Stackelberg equilibrium

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