6533b871fe1ef96bd12d18c4
RESEARCH PRODUCT
THE SURVIVAL OF DIFFERENTIATED PRODUCTS: AN APPLICATION TO THE UK AUTOMOBILE MARKET, 1971-2002*
James T. WalkerFrancisco Requena-silventesubject
Competition (economics)Economics and EconometricsMarket structureProduct innovationAutomobile marketEconomicsProduct differentiationProduct characteristicsIndustrial organizationdescription
We investigate how competition affected the survival of products in the UK automobile market between 1971 and 2002. We find, after using a host of controls to account for product characteristics and changes in market structure, that (i) within and between firm spatial competition significantly reduces the life of a model, (ii) initial product differentiation and variant proliferation obviate competition, and (iii) product innovation significantly extends model survival.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2009-04-05 | The Manchester School |