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Volume 10
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Article

Monopolistic Dynamics with Endogenous Product Differentiation

by
Andrea Caravaggio
1,
Luca Gori
2,* and
Mauro Sodini
3,4
1
Department of Economics, University of Foggia, Largo Papa Giovanni Paolo II, I-71121 Foggia, Italy
2
Department of Law, University of Pisa, Via Collegio Ricci 10, I-56126 Pisa, Italy
3
Department of Law, University of Naples Federico II, I-80138 Napoli, Italy
4
Department of Finance, Faculty of Economics, Technical University of Ostrava, 708 33 Ostrava, Czech Republic
*
Author to whom correspondence should be addressed.
Mathematics 2022, 10(3), 302; https://doi.org/10.3390/math10030302
Submission received: 30 November 2021 / Revised: 10 January 2022 / Accepted: 14 January 2022 / Published: 19 January 2022
(This article belongs to the Special Issue Mathematical Methods on Economic Dynamics)
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Abstract

This research considers the problem of a price-discriminating monopolist aiming at choosing output and investing in product differentiation to foster consumers perceiving products as being heterogeneous in different market segments. It then introduces bounded rationality and concentrates on the dynamic analysis showing the existence of several dynamic phenomena caused by the interaction between endogenous product differentiation and gradient dynamics. Though product differentiation can generally increase market power and profits, in this context it can generate a lack of coordination between the managers working in each segment.
Keywords: endogenous differentiation; nonlinear monopoly; bifurcations endogenous differentiation; nonlinear monopoly; bifurcations

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MDPI and ACS Style

Caravaggio, A.; Gori, L.; Sodini, M. Monopolistic Dynamics with Endogenous Product Differentiation. Mathematics 2022, 10, 302. https://doi.org/10.3390/math10030302

AMA Style

Caravaggio A, Gori L, Sodini M. Monopolistic Dynamics with Endogenous Product Differentiation. Mathematics. 2022; 10(3):302. https://doi.org/10.3390/math10030302

Chicago/Turabian Style

Caravaggio, Andrea, Luca Gori, and Mauro Sodini. 2022. "Monopolistic Dynamics with Endogenous Product Differentiation" Mathematics 10, no. 3: 302. https://doi.org/10.3390/math10030302

APA Style

Caravaggio, A., Gori, L., & Sodini, M. (2022). Monopolistic Dynamics with Endogenous Product Differentiation. Mathematics, 10(3), 302. https://doi.org/10.3390/math10030302

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