search query: @author Williamson, P. J. / total: 3
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| Author: | Caves, R. E. Williamson, P. J. |
| Title: | What is product differentiation, really? |
| Journal: | Journal of Industrial Economics
1985 : DEC, VOL. 34:2, p. 113-132 |
| Index terms: | PRODUCT DIFFERENTIATION BRANDS |
| Language: | eng |
| Abstract: | Empirical research on industrial organization has failed to identify the empirical bases of product differentiation. Two sets of conditions are theoretically sufficient: one resting on complex attribute structures coupled with fixed costs, the other on costs of information to guide buyers' choices among brands. Factor analysis of observable decision variables and market patterns appears to reveal and confirm these underlying causes. The estimated factors perform successfully to test hypotheses about the effects of product differentiation on the mutual sensitivity of Australian domestic manufactures and competing imports. |
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