MARKET PERFORMANCE WITH MULTIPRODUCT FIRMS

We revisit the fundamental issue of market provision of variety associated with Chamberlin, Spence, and Dixit and Stiglitz when firms sell several products. Both products and firms are envisaged as di?erentiated. We propose a nested demand model where consumers decide upon a firm then which variant to buy, and use it to determine the market’s biases when firms compete in product ranges and prices. The market system attracts too many firms with too few products per firm: firms restrain product ranges to relax price competition, but this exacerbates overentry. The results extend to generalized nested CES models.Multiproduct firms, excess variety, nested demand, product line competition

Information Congestion: open access in a two-sided market

Advertising messages compete for scarce attention. “Junk” mail, “spam” e-mail, and telemarketing calls need both parties to exert effort to generate transactions. Message recipients supply attention depending on average message benefit, while senders are motivated by profits. Costlier message transmission may improve message quality so more messages are examined. Too many messages may be sent, or the wrong ones. A Do-Not-Call policy beats a ban, but too many individuals opt out. A monopoly gatekeeper performs better than personal access pricing if nuisance costs to receivers are moderate.information overload, congestion, advertising, common property resource, two-sided markets, junk mail, email, telemarketing, Do Not Call List, message pricing policy.

Information Congestion

Advertising messages vie for scarce attention. “Junk” mail, “spam” e-mail, and telemarketing calls need both parties to exert effort to generate transactions. Message recipients supply attention depending on average message benefit, while senders are motivated by profits. Costlier message transmission may improve message quality so more messages are examined. Too many messages may be sent, or the wrong ones. A Do-Not-Call policy beats a ban, but too many individuals opt out. A monopoly gatekeeper performs better than personal access pricing if nuisance costs to receivers are moderate.

Information Congestion

Advertising messages compete for scarce attention. ?Junk? mail, ?spam? e-mail, and telemarketing calls need both parties to exert effort to generate transactions. Message recipients supply attention depending on average message beneÞt. Senders are motivated by proÞts. Costlier message transmission may improve message quality so more messages are examined. Too many messages may be sent, or the wrong ones. A Do-Not-Call policy beats a ban, but too many individuals opt out. A monopoly gatekeeper performs better than personal access pricing if nuisance costs are moderate. The medium is the message with multiple channels, and there is excessive indiscriminate mailing.information overload, congestion, advertising, common property resource, overÞshing, two-sided markets, junk mail, email, telemarketing, Do Not Call List, message pricing, the Medium is the Message, market research.

From Local to Global Competition

This paper lays out and elaborates upon the properties of an extended Chamberlinian model with applications both in Industrial Organization and Economic Geography/ Urban Economics. The framework is used to explain the impact of some major changes over the last two centuries: reductions in transport costs, increased taste for variety, population growth, and use of technologies with greater returns to scale. To this end, we introduce a framework that has known models of oligopolistic competition with differentiated products as limit cases. These limit models include the circle, the logit, and the CES models. The integrative approach incorporates both localized and global competition, as well as price-sensitive individual.Product Differentiation, Economic Geography, Spatial Competition, Localization, Monopolistic Competition

An efficient flamelet progress-variable method for modeling non-premixed flames in weak electric fields

Combustion stabilization and enhancement of the flammability limits are mandatory objectives to improve nowadays combustion chambers. At this purpose, the use of an electric field in the flame region provides a solution which is, at the same time, easy to implement and effective to modify the flame structure. The present work describes an efficient flamelet progress-variable approach developed to model the fluid dynamics of flames immersed in an electric field. The main feature of this model is that it can use complex ionization mechanisms without increasing the computational cost of the simulation. The model is based on the assumption that the combustion process is not directly influenced by the electric field and has been tested using two chemi-ionization mechanisms of different complexity in order to examine its behavior with and without the presence of heavy anions in the mixture. Using a one- and two-dimensional numerical test cases, the present approach has been able to reproduce all the major aspects encountered when a flame is subject to an imposed electric field and the main effects of the different chemical mechanisms. Moreover, the proposed model is shown to produce a large reduction in the computational cost, being able to shorten the time needed to perform a simulation up to 40 times.Comment: 26 pages, 13 figures, paper accepted for publication on Computers and Fluid

Influence of electromagnetic interferences on the gravimetric sensitivity of surface acoustic waveguides

Surface acoustic waveguides are increasing in interest for (bio)chemical detection. The surface mass modification leads to measurable changes in the propagation properties of the waveguide. Among a wide variety of waveguides, Love mode has been investigated because of its high gravimetric sensitivity. The acoustic signal launched and detected in the waveguide by electrical transducers is accompanied by an electromagnetic wave; the interaction of the two signals, easily enhanced by the open structure of the sensor, creates interference patterns in the transfer function of the sensor. The influence of these interferences on the gravimetric sensitivity is presented, whereby the structure of the entire sensor is modelled. We show that electromagnetic interferences generate an error in the experimental value of the sensitivity. This error is different for the open and the closed loop configurations of the sensor. The theoretical approach is completed by the experimentation of an actual Love mode sensor operated under liquid in open loop configuration. The experiment indicates that the interaction depends on the frequency and the mass modifications.Comment: 28 pages, 8 figure

Information Congestion

Advertising messages vie for scarce attention. “Junk” mail, “spam” e-mail, and telemarketing calls need both parties to exert effort to generate transactions. Message recipients supply attention depending on average message benefit, while senders are motivated by profits. Costlier message transmission may improve message quality so more messages are examined. Too many messages may be sent, or the wrong ones. A Do-Not-Call policy beats a ban, but too many individuals opt out. A monopoly gatekeeper performs better than personal access pricing if nuisance costs to receivers are moderate