Product innovation and adoption in markert equilibrium : the case of digital cameras

This paper contains an empirical dynamic model of supply and demand in the market for digital cameras with endogenous product innovation. On the demand side, heterogeneous consumers time optimally the purchase of goods depending on the expected evolution of prices and characteristics of available ca...

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Autores:
Carranza Romero, Juan Esteban
Tipo de recurso:
Article of investigation
Fecha de publicación:
2008
Institución:
Universidad ICESI
Repositorio:
Repositorio ICESI
Idioma:
spa
OAI Identifier:
oai:repository.icesi.edu.co:10906/65260
Acceso en línea:
http://hdl.handle.net/10906/65260
http://biblioteca2.icesi.edu.co/cgi-olib?session=-1&infile=details.glu&loid=211252&rs=5514796&hitno=-1
Palabra clave:
FACULTAD DE CIENCIAS ADMINISTRATIVAS Y ECONÓMICAS
DEPARTAMENTO DE ECONOMÍA
DURABLE GOODS
DYNAMIC DEMAND
INNOVATION
INNOVACIONES
DINÁMICA
MERCADO
Economía
Econometría
Economics
Econometrics models
Rights
openAccess
License
https://creativecommons.org/licenses/by-nc-nd/4.0/
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oai_identifier_str oai:repository.icesi.edu.co:10906/65260
network_acronym_str ICESI2
network_name_str Repositorio ICESI
repository_id_str
dc.title.spa.fl_str_mv Product innovation and adoption in markert equilibrium : the case of digital cameras
title Product innovation and adoption in markert equilibrium : the case of digital cameras
spellingShingle Product innovation and adoption in markert equilibrium : the case of digital cameras
FACULTAD DE CIENCIAS ADMINISTRATIVAS Y ECONÓMICAS
DEPARTAMENTO DE ECONOMÍA
DURABLE GOODS
DYNAMIC DEMAND
INNOVATION
INNOVACIONES
DINÁMICA
MERCADO
Economía
Econometría
Economics
Econometrics models
title_short Product innovation and adoption in markert equilibrium : the case of digital cameras
title_full Product innovation and adoption in markert equilibrium : the case of digital cameras
title_fullStr Product innovation and adoption in markert equilibrium : the case of digital cameras
title_full_unstemmed Product innovation and adoption in markert equilibrium : the case of digital cameras
title_sort Product innovation and adoption in markert equilibrium : the case of digital cameras
dc.creator.fl_str_mv Carranza Romero, Juan Esteban
dc.contributor.author.spa.fl_str_mv Carranza Romero, Juan Esteban
dc.subject.spa.fl_str_mv FACULTAD DE CIENCIAS ADMINISTRATIVAS Y ECONÓMICAS
DEPARTAMENTO DE ECONOMÍA
DURABLE GOODS
DYNAMIC DEMAND
INNOVATION
INNOVACIONES
DINÁMICA
MERCADO
Economía
Econometría
topic FACULTAD DE CIENCIAS ADMINISTRATIVAS Y ECONÓMICAS
DEPARTAMENTO DE ECONOMÍA
DURABLE GOODS
DYNAMIC DEMAND
INNOVATION
INNOVACIONES
DINÁMICA
MERCADO
Economía
Econometría
Economics
Econometrics models
dc.subject.eng.fl_str_mv Economics
Econometrics models
description This paper contains an empirical dynamic model of supply and demand in the market for digital cameras with endogenous product innovation. On the demand side, heterogeneous consumers time optimally the purchase of goods depending on the expected evolution of prices and characteristics of available cameras. On the supply side, firms introduce new camera models accounting for the dynamic value of new products and the optimal behavior of consumers. The model is estimated using data from the market for digital cameras and the estimated model replicates rich dynamic features of the data. The estimated model is used to perform counterfactual computations, which suggest that more competition or lower product introduction costs generate more product variety but lower average product quality.
publishDate 2008
dc.date.issued.none.fl_str_mv 2008-03-01
dc.date.accessioned.none.fl_str_mv 2012-02-23T21:13:20Z
dc.date.available.none.fl_str_mv 2012-02-23T21:13:20Z
dc.type.spa.fl_str_mv info:eu-repo/semantics/article
dc.type.coar.none.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.local.spa.fl_str_mv Artículo
dc.type.version.spa.fl_str_mv info:eu-repo/semantics/publishedVersion
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dc.identifier.isbn.none.fl_str_mv 19001568
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10906/65260
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dc.identifier.instname.none.fl_str_mv instname: Universidad Icesi
dc.identifier.reponame.none.fl_str_mv reponame: Biblioteca Digital
dc.identifier.repourl.none.fl_str_mv repourl: https://repository.icesi.edu.co/
identifier_str_mv 19001568
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url http://hdl.handle.net/10906/65260
http://biblioteca2.icesi.edu.co/cgi-olib?session=-1&infile=details.glu&loid=211252&rs=5514796&hitno=-1
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.ispartof.none.fl_str_mv Borradores de Economía y Finanzas; No. 18 - Marzo 2008
dc.relation.ispartofseries.none.fl_str_mv Borradores de Economía y Finanzas;No. 18 - Marzo 2008
dc.rights.uri.none.fl_str_mv https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.license.none.fl_str_mv Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)
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Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)
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eu_rights_str_mv openAccess
dc.format.extent.spa.fl_str_mv p.1-44
dc.format.medium.spa.fl_str_mv Digital
dc.coverage.spatial.spa.fl_str_mv Cali de Lat: 03 24 00 N degrees minutes Lat: 3.4000 decimal degrees Long: 076 30 00 W degrees minutes Long: -76.5000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad Icesi
dc.publisher.faculty.spa.fl_str_mv Facultad de Ciencias Administrativas y Económicas
dc.publisher.place.spa.fl_str_mv Santiago de Cali
institution Universidad ICESI
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spelling Carranza Romero, Juan Estebanjecarranza@icesi.edu.coCali de Lat: 03 24 00 N degrees minutes Lat: 3.4000 decimal degrees Long: 076 30 00 W degrees minutes Long: -76.5000 decimal degrees2012-02-23T21:13:20Z2012-02-23T21:13:20Z2008-03-0119001568http://hdl.handle.net/10906/65260http://biblioteca2.icesi.edu.co/cgi-olib?session=-1&infile=details.glu&loid=211252&rs=5514796&hitno=-1instname: Universidad Icesireponame: Biblioteca Digitalrepourl: https://repository.icesi.edu.co/This paper contains an empirical dynamic model of supply and demand in the market for digital cameras with endogenous product innovation. On the demand side, heterogeneous consumers time optimally the purchase of goods depending on the expected evolution of prices and characteristics of available cameras. On the supply side, firms introduce new camera models accounting for the dynamic value of new products and the optimal behavior of consumers. The model is estimated using data from the market for digital cameras and the estimated model replicates rich dynamic features of the data. The estimated model is used to perform counterfactual computations, which suggest that more competition or lower product introduction costs generate more product variety but lower average product quality.p.1-44DigitalspaUniversidad IcesiFacultad de Ciencias Administrativas y EconómicasSantiago de CaliBorradores de Economía y Finanzas; No. 18 - Marzo 2008Borradores de Economía y Finanzas;No. 18 - Marzo 2008EL AUTOR, expresa que la obra objeto de la presente autorización es original y la elaboró sin quebrantar ni suplantar los derechos de autor de terceros, y de tal forma, la obra es de su exclusiva autoría y tiene la titularidad sobre éste. PARÁGRAFO: en caso de queja o acción por parte de un tercero referente a los derechos de autor sobre el artículo, folleto o libro en cuestión, EL AUTOR, asumirá la responsabilidad total, y saldrá en defensa de los derechos aquí autorizados; para todos los efectos, la Universidad Icesi actúa como un tercero de buena fe. Esta autorización, permite a la Universidad Icesi, de forma indefinida, para que en los términos establecidos en la Ley 23 de 1982, la Ley 44 de 1993, leyes y jurisprudencia vigente al respecto, haga publicación de este con fines educativos Toda persona que consulte ya sea la biblioteca o en medio electróico podrá copiar apartes del texto citando siempre la fuentes, es decir el título del trabajo y el autor.https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)http://purl.org/coar/access_right/c_abf2FACULTAD DE CIENCIAS ADMINISTRATIVAS Y ECONÓMICASDEPARTAMENTO DE ECONOMÍADURABLE GOODSDYNAMIC DEMANDINNOVATIONINNOVACIONESDINÁMICAMERCADOEconomíaEconometríaEconomicsEconometrics modelsProduct innovation and adoption in markert equilibrium : the case of digital camerasinfo:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_2df8fbb1Artículoinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85TEXTproduc_innovation_adoption.pdf.txtproduc_innovation_adoption.pdf.txttext/plain89434http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/65260/5/produc_innovation_adoption.pdf.txt908f5293fc38e501e8b909b173a7ae24MD55CC-LICENSElicense_urllicense_urltext/plain49http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/65260/2/license_urlfd26723f8d7edacdb29e3f03465c3b03MD52license_textlicense_textapplication/octet-stream21926http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/65260/3/license_textd388d4ceb74a99207c499bfab8db1a10MD53license_rdflicense_rdfapplication/octet-stream22765http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/65260/4/license_rdf56265f5776a16a05899187d30899c530MD54ORIGINALproduc_innovation_adoption.pdfproduc_innovation_adoption.pdfapplication/pdf325972http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/65260/1/produc_innovation_adoption.pdfaa888096fd73211d42a5880e203fe3a4MD5110906/65260oai:repository.icesi.edu.co:10906/652602015-11-18 22:15:54.897Biblioteca Digital - Universidad icesicdcriollo@icesi.edu.co

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