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Essays on the Competitive Dynamics o...

Mills, Michael Stefan.

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Essays on the Competitive Dynamics of Innovation and Product Quality.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on the Competitive Dynamics of Innovation and Product Quality./
Author:	Mills, Michael Stefan.
Description:	110 p.
Notes:	Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.
Contained By:	Dissertation Abstracts International75-10A(E).
Subject:	Economic theory. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3627048
ISBN:	9781321021530

Essays on the Competitive Dynamics of Innovation and Product Quality.
Mills, Michael Stefan.

Essays on the Competitive Dynamics of Innovation and Product Quality. - 110 p.

Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.

Thesis (Ph.D.)--University of California, Irvine, 2014.

This item must not be sold to any third party vendors.

Firms compete through means other than pricing and advertising. In particular, firms compete through manipulating the quality of their products. In the pharmaceutical industry, firms compete by innovating to create a better quality medicine. The first chapter examines pharmaceutical firms' strategic response to innovate. The comparison of words used in job advertisements to words used in the International Classification of Diseases are analyzed to measure the amount of innovative activity a firm conducts in a given disease category. From this novel dataset, the results indicate that a firm increases its innovative activity due to its competitors' increase in innovative action. The second chapter extends a model with vertically differentiated products to include a "brand" firm's incentive to market a medium quality product (pseudo-generic) to compete with their original high quality product and a competitor's low quality product. Under certain assumptions of consumer heterogeneity, an incumbent firm will market a pseudo-generic only when it can deter the entry of multiple competitors. The third chapter looks at quality competition in the airline industry by analyzing the changes in the total flight frequency for a city-pair due to the merger of two airlines. The results suggest that a merger can decrease flight frequency by as much as 97 flights per month on some routes. The decreases in flight frequency are almost entirely due to the merger removing a competitor (one of the merging partners) from the route. Consequently, the total change in frequency on most routes is less severe or insignificant all together.

ISBN: 9781321021530Subjects--Topical Terms:

1556984
Economic theory.

Essays on the Competitive Dynamics of Innovation and Product Quality.
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020 $a 9781321021530
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100 1 $a Mills, Michael Stefan. $3 3172894
245 1 0 $a Essays on the Competitive Dynamics of Innovation and Product Quality.
300 $a 110 p.
500 $a Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.
500 $a Adviser: Linda R. Cohen.
502 $a Thesis (Ph.D.)--University of California, Irvine, 2014.
506 $a This item must not be sold to any third party vendors.
520 $a Firms compete through means other than pricing and advertising. In particular, firms compete through manipulating the quality of their products. In the pharmaceutical industry, firms compete by innovating to create a better quality medicine. The first chapter examines pharmaceutical firms' strategic response to innovate. The comparison of words used in job advertisements to words used in the International Classification of Diseases are analyzed to measure the amount of innovative activity a firm conducts in a given disease category. From this novel dataset, the results indicate that a firm increases its innovative activity due to its competitors' increase in innovative action. The second chapter extends a model with vertically differentiated products to include a "brand" firm's incentive to market a medium quality product (pseudo-generic) to compete with their original high quality product and a competitor's low quality product. Under certain assumptions of consumer heterogeneity, an incumbent firm will market a pseudo-generic only when it can deter the entry of multiple competitors. The third chapter looks at quality competition in the airline industry by analyzing the changes in the total flight frequency for a city-pair due to the merger of two airlines. The results suggest that a merger can decrease flight frequency by as much as 97 flights per month on some routes. The decreases in flight frequency are almost entirely due to the merger removing a competitor (one of the merging partners) from the route. Consequently, the total change in frequency on most routes is less severe or insignificant all together.
590 $a School code: 0030.
650 4 $a Economic theory. $3 1556984
650 4 $a Economics. $3 517137
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710 2 $a University of California, Irvine. $b Economics - Ph.D.. $3 2103839
773 0 $t Dissertation Abstracts International $g 75-10A(E).
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791 $a Ph.D.
792 $a 2014
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3627048