| THE SECONDARY MARKET IMPACT OF QUALITY AND PRICING DECISIONS FOR NEW PRODUCT GENERATIONS | |
| Ding, Yifei1; Hicks, Daniel1; Ju, Jiandong2,3,4 | |
| 2018-05 | |
| 卷号 | 23 |
| 期号 | 2 |
| DOI | 10.1111/1468-0106.12171 |
| 页码 | 309-355 |
| 英文摘要 | We develop a two-period model of firm choice with a used good market in which a monopolist producer of durable goods selects quality and price in each period. Our model allows for endogenous quality improvements and demonstrates the importance of analysing the impact of pricing decisions and quality improvements on the secondary market jointly, as under reasonable circumstances, quality improvements can lead to the appearance of a spurious inverse relationship between the price for a new product and the secondary market price. Examined jointly, quality improvements in the new product are shown to lower used good prices, while higher new good prices have the opposite effect. An empirical investigation using a newly compiled data set of the US video game market supports our theoretical analysis. |
| 会议录出版者 | WILEY |
| 会议录出版地 | 111 RIVER ST, HOBOKEN 07030-5774, NJ USA |
| 语种 | 英语 |
| WOS研究方向 | Business & Economics |
| WOS记录号 | WOS:000432025600011 |
| 内容类型 | 会议论文 |
| 源URL | [http://10.2.47.112/handle/2XS4QKH4/3335]  |
| 专题 | 上海财经大学 |
| 作者单位 | 1.Univ Oklahoma, Norman, OK 73019 USA; 2.Shanghai Univ Finance & Econ, Shanghai, Peoples R China; 3.Tsinghua Univ, Beijing, Peoples R China; 4.Ctr Int Econ Res, Beijing, Peoples R China |
| 推荐引用方式 GB/T 7714 | Ding, Yifei,Hicks, Daniel,Ju, Jiandong. THE SECONDARY MARKET IMPACT OF QUALITY AND PRICING DECISIONS FOR NEW PRODUCT GENERATIONS[C]. 见:. |
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