{"product_id":"9783031955624","title":"Classroom Companion: Economics","description":"\u003ch1\u003eClassroom Companion: Economics\u003c\/h1\u003e \u003ch2\u003eGabszewicz, Jean J.\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book provides a comprehensive exploration of product differentiation, blending insights from industrial organization, spatial economics, and game theory. In modern economies, nearly every product—from consumer electronics to household goods—comes in multiple variants, reflecting firms' strategic efforts to differentiate their offerings. But why do firms differentiate their products? How do they set prices for these variants? And does this process lead to an efficient market outcome?\u003c\/p\u003e\n\n\u003cp\u003eIt examines both \u003cem\u003ehorizontal\u003c\/em\u003e and \u003cem\u003evertical\u003c\/em\u003e differentiation, investigating how firms compete not only on price but also on product characteristics such as location, quality, and perceived value. Special attention is given to the role of network effects, industry structure, and monopolistic competition, shedding light on how differentiation influences market dynamics.\u003c\/p\u003e\n\n\u003cp\u003eKey topics include:\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eThe historical evolution of product differentiation theories and recent advances in the field.\u003c\/li\u003e\n\t\u003cli\u003eThe spatial metaphor of a differentiated industry and the structure of demand.\u003c\/li\u003e\n\t\u003cli\u003eHorizontal differentiation models, including Hotelling’s framework and political science analogies.\u003c\/li\u003e\n\t\u003cli\u003eVertical differentiation and the role of quality, production costs, and regulatory standards.\u003c\/li\u003e\n\t\u003cli\u003eThe impact of network effects on pricing, market equilibria, and two-sided markets.\u003c\/li\u003e\n\t\u003cli\u003eMonopolistic competition and its implications for excess capacity and market efficiency.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eWith rigorous theoretical models and real-world applications, this book is essential reading for economists, researchers, and students seeking to understand the fundamental mechanisms shaping modern industrial competition.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2025-08-30\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783031955624\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-031-95563-1\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 117\u003c\/p\u003e ","brand":"Springer Nature Switzerland","offers":[{"title":"Default Title","offer_id":44317856858252,"sku":"9783031955624","price":89.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783031955624.jpg?v=1775063090","url":"https:\/\/lateknightbooks.com\/products\/9783031955624","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}