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Consumer Behavior and Market Equilibrium in Indust.. (consbehavior)
Consumer Behavior and Market Equilibrium in Industrial Organization: Identification of Structural Parameters and Implications to Public Policy
(consbehavior)
Date du début: 1 sept. 2010,
Date de fin: 21 déc. 2012
PROJET
TERMINÉ
The first scientific objective of the project consists on recovering the distribution of search costs and of the parameters describing market equilibrium when search for the best product is costly and products are differentiated both horizontally (attributes of the product are valued differently by each consumer) and vertically (consumers agree on the ranking of the attributes). The second objective is to estimate long run cross price elasticities when consumers stockpile differentiated products. Both search and stockpiling behavior importantly affect the welfare consequences of competition regulation, especially entry and mergers. The project is an extension of my current work and is thus consistent with my research skills and agenda. On the other hand, it also demands a diversification of competencies since it focuses on firm behavior and market equilibrium, whereas before I have concentrated on consumer responses. It is to be hosted by the Department of Economics and Business at the University Pompeu Fabra in Barcelona, Spain. The Department is an ideal host for the project given its top quality multidisciplinary research environment and its many international connections, which allows for rich debate and work collaborations. The scientist in charge is Juan José Ganuza, an experienced researcher with an outstanding research record, especially in what concerns publications in top peer reviewed journals.
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