TY - GEN

T1 - Retailing under Monopolistic Competition: A Comparative Analysis

AU - Tilzo, Olga

AU - Bykadorov, Igor

N1 - Funding Information: The work was supported in part by the Russian Foundation for Basic Research, projects 18-010-00728 and 19-010-00910, by the program of fundamental scientific researches of the SB RAS, project 0314-2019-0018, and by the Russian Ministry of Science and Education under the 5-100 Excellence Programme. Publisher Copyright: © 2019 IEEE.

PY - 2019/8

Y1 - 2019/8

N2 - The paper presents extensive research on the analysis of the monopolistic competition model altered by adding vertical market interaction with several manufacturers, a retailer and consumers. The analysis of different types of interaction of market participants is given. The characteristic of these situations is presented in terms of the retailer's and manufacturers' profits, special attention is also paid to the consumer surplus function. The comparison of different types of interaction allows us to identify their strengths and weaknesses, and reveals the various possibilities of maintaining the balance. For each situation under consideration, detailed solutions are provided, and ways to further improve the model are proposed.

AB - The paper presents extensive research on the analysis of the monopolistic competition model altered by adding vertical market interaction with several manufacturers, a retailer and consumers. The analysis of different types of interaction of market participants is given. The characteristic of these situations is presented in terms of the retailer's and manufacturers' profits, special attention is also paid to the consumer surplus function. The comparison of different types of interaction allows us to identify their strengths and weaknesses, and reveals the various possibilities of maintaining the balance. For each situation under consideration, detailed solutions are provided, and ways to further improve the model are proposed.

KW - consumer surplus function

KW - Dixit-Stiglitz model

KW - monopolistic competition model

KW - Nash equilibrium

KW - retailer

KW - social welfare function

KW - Stackelberg equilibrium

UR - http://www.scopus.com/inward/record.url?scp=85078048954&partnerID=8YFLogxK

U2 - 10.1109/OPCS.2019.8880233

DO - 10.1109/OPCS.2019.8880233

M3 - Conference contribution

T3 - 2019 15th International Asian School-Seminar Optimization Problems of Complex Systems, OPCS 2019

SP - 156

EP - 161

BT - 2019 15th International Asian School-Seminar Optimization Problems of Complex Systems, OPCS 2019

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 15th International Asian School-Seminar Optimization Problems of Complex Systems, OPCS 2019

Y2 - 26 August 2019 through 30 August 2019

ER -