Congestion-Prone Services under Quality Competition

A Microeconomic Analysis

Business & Finance, Economics, Urban & Regional, Management & Leadership, Industrial Management
Cover of the book Congestion-Prone Services under Quality Competition by Dong-Joo Moon, Springer Berlin Heidelberg
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Dong-Joo Moon ISBN: 9783642201899
Publisher: Springer Berlin Heidelberg Publication: January 5, 2012
Imprint: Springer Language: English
Author: Dong-Joo Moon
ISBN: 9783642201899
Publisher: Springer Berlin Heidelberg
Publication: January 5, 2012
Imprint: Springer
Language: English

This study presents new microeconomic analyses of congestion-prone services that comprise most private and public services at the final consumption stage. It accounts for two distinctive features of congestion-prone services: the discrepancy between capacity and throughput, and service quality competition. To accommodate these features, a series of new decision-making theorems for consumers and suppliers is developed. The resulting demand and cost functions incorporate service time as the variable that reflects congestion and service quality. In market equilibrium, interactions between consumers and firms endogenously determine the industrial organization type of each firm and thus allow the coexistence of multiple industrial organization types in the same market. Efficiency of resource allocation is assessed by applying two different criteria: service quality diversity throughout the market and Pareto optimality in each submarket.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This study presents new microeconomic analyses of congestion-prone services that comprise most private and public services at the final consumption stage. It accounts for two distinctive features of congestion-prone services: the discrepancy between capacity and throughput, and service quality competition. To accommodate these features, a series of new decision-making theorems for consumers and suppliers is developed. The resulting demand and cost functions incorporate service time as the variable that reflects congestion and service quality. In market equilibrium, interactions between consumers and firms endogenously determine the industrial organization type of each firm and thus allow the coexistence of multiple industrial organization types in the same market. Efficiency of resource allocation is assessed by applying two different criteria: service quality diversity throughout the market and Pareto optimality in each submarket.

More books from Springer Berlin Heidelberg

Cover of the book Plant Litter by Dong-Joo Moon
Cover of the book Qualitätsmängel im Arzthaftungsprozess - Brauchen wir ein Patientenrechtegesetz? by Dong-Joo Moon
Cover of the book Myocardial Biopsy by Dong-Joo Moon
Cover of the book World Political Challenges by Dong-Joo Moon
Cover of the book Staatssanierung durch Enteignung? by Dong-Joo Moon
Cover of the book Challenges in Molecular Structure Determination by Dong-Joo Moon
Cover of the book Recent Developments in Vector Optimization by Dong-Joo Moon
Cover of the book Leadership mit Synercube by Dong-Joo Moon
Cover of the book Space-Time Reference Systems by Dong-Joo Moon
Cover of the book Far-Field Optical Nanoscopy by Dong-Joo Moon
Cover of the book Self-Regulation of the Brain and Behavior by Dong-Joo Moon
Cover of the book Desert Regions by Dong-Joo Moon
Cover of the book Macht und Ohnmacht mentalisieren by Dong-Joo Moon
Cover of the book Plant Developmental Biology - Biotechnological Perspectives by Dong-Joo Moon
Cover of the book Verfahren der Fertigungssteuerung by Dong-Joo Moon
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy