Demand Uncertainty, Product Differentiation, and Entry Timing under Spatial Competition

Ebina, Takeshi; Matsushima, Noriaki; Nishide, Katsumasa

Demand Uncertainty, Product Differentiation, and Entry Timing under Spatial Competition

Ebina, Takeshi; Matsushima, Noriaki; Nishide, Katsumasa

Institute of Social and Economic Research Discussion Papers, 2018, 1007, 1-35

アクセス数:333件（2025-08-16 04:50 集計）

固定URL: https://hdl.handle.net/11094/62146

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タイトル	Demand Uncertainty, Product Differentiation, and Entry Timing under Spatial Competition
著者	NRID 1000000579766 1000000579766 著者名 Ebina, Takeshi
	NRID 1000080334879 1000080334879 ORCID 0000-0002-7865-3875 0000-0002-7865-3875 researchmap permalink read0116301 read0116301 Scopus Author ID 7005645778 7005645778 著者名 Matsushima, Noriaki
	NRID 1000040410683 1000040410683 著者名 Nishide, Katsumasa
キーワード等	Location
	Hotelling model
	Continuous-time
	Entry timing
	Real options
内容	July 2017. Revised July 2018.
抄録	We investigate the entry timing and location decisions under market size uncertainty with Brownian motions in a continuous-time spatial duopoly competition. We show the following results. The entry threshold of the follower non-monotonically increases in volatility, implying that the leader's monopoly periods get longer with volatility. However, the leader is more likely to increase the degree of product differentiation as the volatility rises. A larger entry cost asymmetry between the firms places the leader closer to the edge in a preemption equilibrium although such an asymmetry places the leader closer to the center in a sequential equilibrium.
出版者	The Institute of Social and Economic Research, Osaka University
収録物名	Institute of Social and Economic Research Discussion Papers
巻(号)	1007
ページ	1-35
刊行年月	2018-07
言語	英語
ハンドルURL	https://hdl.handle.net/11094/62146
関連情報 (references)	URI https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2017/DP1007R.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Institute of Social and Economic Research Discussion Papers
最終更新日	2018-07

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers. 2018, 1007, p. 1-35
DC.title	Demand Uncertainty, Product Differentiation, and Entry Timing under Spatial Competition
DC.creator	Ebina, Takeshi
	Matsushima, Noriaki
	Nishide, Katsumasa
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2018-07
DC.relation' scheme='DCTERMS.URI	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2017/DP1007R.pdf
DC.subject	Location
	Hotelling model
	Continuous-time
	Entry timing
	Real options
DC.description	July 2017. Revised July 2018.
DCTERMS.abstract	We investigate the entry timing and location decisions under market size uncertainty with Brownian motions in a continuous-time spatial duopoly competition. We show the following results. The entry threshold of the follower non-monotonically increases in volatility, implying that the leader's monopoly periods get longer with volatility. However, the leader is more likely to increase the degree of product differentiation as the volatility rises. A larger entry cost asymmetry between the firms places the leader closer to the edge in a preemption equilibrium although such an asymmetry places the leader closer to the center in a sequential equilibrium.
DC.format	62146
citation_title	Demand Uncertainty, Product Differentiation, and Entry Timing under Spatial Competition
citation_author	Ebina, Takeshi
	Matsushima, Noriaki
	Nishide, Katsumasa
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2018-07
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	1007
citation_firstpage	1
citation_lastpage	35
citation_public_url	https://hdl.handle.net/11094/62146
citation_abstract_html_url	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2017/DP1007R.pdf

Demand Uncertainty, Product Differentiation, and Entry Timing under Spatial Competition

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