Congestion-Prone Services under Quality Competition: A Microeconomic Analysis (Advances in Spatial Science) - Image 1

£117.73

Springer Congestion-Prone Services under Quality Competition: A Microeconomic Analysis (Advances in Spatial Science)

Name: Congestion-Prone Services under Quality Competition: A Microeconomic Analysis (Advances in Spatial Science)
Brand: Springer
Price: 117.73 GBP
Availability: InStock

Political Economy

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Description

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.

Product Specifications

Brand: Springer
Format: paperback
ASIN: 3642442919
Category: Books > Subjects > Business, Finance & Law > Economics > Political Economy
Domain: Amazon UK
Publication Date: 22 February 2014
Listed Since: 13 February 2014

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Springer Congestion-Prone Services under Quality Competition: A Microeconomic Analysis (Advances in Spatial Science)

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