Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon
Gezer S (2018) Universität Bielefeld Working Papers in Economics and Management; 04-2018.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.
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| Veröffentlicht | Englisch
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Einrichtung
Abstract / Bemerkung
We consider a capital accumulating incumbent firm which produces an
established product and has the option to introduce an improved substitute
product to the market by incurring adoption costs. We find that depending
on the initial capacities on the established market and the value of adoption
costs, three scenarios are possible, namely introducing immediately,
later or abstaining from product introduction. In case of delay of product
introduction, the incumbent reduces capacities for the established product
before the new product is introduced. We encounter Skiba points where
the incumbent is indifferent between two of the three scenarios and use a
bifurcation analysis in order to characterize the transition towards different
steady states.
Stichworte
Product innovation;
Capacity dynamics;
Multi-product firm;
Free endtime problem;
Delayed product introduction
Erscheinungsjahr
2018
Serientitel
Universität Bielefeld Working Papers in Economics and Management
Band
04-2018
Seite(n)
35
ISSN
2196-2723
Page URI
https://pub.uni-bielefeld.de/record/2917390
Zitieren
Gezer S. Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon. Universität Bielefeld Working Papers in Economics and Management. Vol 04-2018. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2018.
Gezer, S. (2018). Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon (Universität Bielefeld Working Papers in Economics and Management, 04-2018). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2917390
Gezer, Serhat. 2018. Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon. Vol. 04-2018. Universität Bielefeld Working Papers in Economics and Management. Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Gezer, S. (2018). Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon. Universität Bielefeld Working Papers in Economics and Management, 04-2018, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Gezer, S., 2018. Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon, Universität Bielefeld Working Papers in Economics and Management, no.04-2018, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
S. Gezer, Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon, Universität Bielefeld Working Papers in Economics and Management, vol. 04-2018, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2018.
Gezer, S.: Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon. Universität Bielefeld Working Papers in Economics and Management, 04-2018. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2018).
Gezer, Serhat. Delaying Product Introduction: A Dynamic Analysis with Endogenous Time Horizon. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2018. Universität Bielefeld Working Papers in Economics and Management. 04-2018.
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