Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/54225 
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dc.contributor.authorEllert, Alexanderen
dc.contributor.authorUrmann, Oliveren
dc.date.accessioned2011-12-20-
dc.date.accessioned2012-01-06T10:35:30Z-
dc.date.availablestart=2012-01-06T10:35:30Z; end=2013-05-31-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/54225-
dc.description.abstractUsing a vertical differentiation model, we investigate the product quality strategies of two competing firms maximizing market shares. The firms are facing variable costs of quality improvement and choose their prices under the constraint of nonnegative profits. We show that in equilibrium there is no differentiation in quality if the market coverage is either increasing or decreasing and concave in quality. Otherwise the existence of an equilibrium depends on the structure of the game. If the firms choose their qualities simultaneously there is no equilibrium, while there is an equilibrium with a first mover advantage and quality differentiation in the sequential quality competition.en
dc.language.isoengen
dc.publisher|aHamburg University, Institute for Risk and Insurance |cHamburgen
dc.relation.ispartofseries|aWorking Papers on Risk and Insurance |x25en
dc.subject.jelL10en
dc.subject.jelL13en
dc.subject.jelL21en
dc.subject.jelI11en
dc.subject.ddc330en
dc.subject.keywordMarket share maximiziationen
dc.subject.keywordVertical differentiationen
dc.subject.keywordHealth care marketen
dc.titleQuality differentiation if market share matters-
dc.typeWorking Paperen
dc.identifier.ppn641729111en
dc.relation.isreplacedbyhttp://hdl.handle.net/10419/74540en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:hzvwps:25en

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