Congestion-Prone Services under Quality Competition : A Microeconomic Analysis Hardback
by Dong-Joo Moon
Part of the Advances in Spatial Science series
Hardback
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.
Information
-
Item not Available
- Format:Hardback
- Pages:426 pages, 3 Tables, black and white; XVIII, 426 p.
- Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Publication Date:04/01/2012
- Category:
- ISBN:9783642201882
Other Formats
- PDF from £110.08
- Paperback / softback from £154.85
Information
-
Item not Available
- Format:Hardback
- Pages:426 pages, 3 Tables, black and white; XVIII, 426 p.
- Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Publication Date:04/01/2012
- Category:
- ISBN:9783642201882
