Product innovation and adoption in market equilibrium: the case of digital cameras
This paper contains an empirical dynamic model of supply and demand in the mar- ket for digital cameras with endogenous product innovation. On the demand side, het- erogeneous consumers time optimally the purchase of goods depending on the expected evolution of prices and characteristics of availabl...
- Autores:
-
Carranza Romero, Juan Esteban
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2007
- Institución:
- Universidad ICESI
- Repositorio:
- Repositorio ICESI
- Idioma:
- eng
- OAI Identifier:
- oai:repository.icesi.edu.co:10906/82359
- Acceso en línea:
- http://www.icesi.edu.co/departamentos/economia/images/18.pdf
http://www.icesi.edu.co/departamentos/economia/borradores_de_economia.php
http://hdl.handle.net/10906/82359
- Palabra clave:
- Mercado
Modelo dinámico (Economía)
Economía
Economics
Camaras digitales
Innovación de productos
- Rights
- openAccess
- License
- https://creativecommons.org/licenses/by-nc-nd/4.0/
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| dc.title.spa.fl_str_mv |
Product innovation and adoption in market equilibrium: the case of digital cameras |
| title |
Product innovation and adoption in market equilibrium: the case of digital cameras |
| spellingShingle |
Product innovation and adoption in market equilibrium: the case of digital cameras Mercado Modelo dinámico (Economía) Economía Economics Camaras digitales Innovación de productos |
| title_short |
Product innovation and adoption in market equilibrium: the case of digital cameras |
| title_full |
Product innovation and adoption in market equilibrium: the case of digital cameras |
| title_fullStr |
Product innovation and adoption in market equilibrium: the case of digital cameras |
| title_full_unstemmed |
Product innovation and adoption in market equilibrium: the case of digital cameras |
| title_sort |
Product innovation and adoption in market 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 |
Mercado Modelo dinámico (Economía) Economía Economics Camaras digitales Innovación de productos |
| topic |
Mercado Modelo dinámico (Economía) Economía Economics Camaras digitales Innovación de productos |
| description |
This paper contains an empirical dynamic model of supply and demand in the mar- ket for digital cameras with endogenous product innovation. On the demand side, het- erogeneous 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 |
2007 |
| dc.date.issued.none.fl_str_mv |
2007-01-01 |
| dc.date.accessioned.none.fl_str_mv |
2017-12-01T19:47:54Z |
| dc.date.available.none.fl_str_mv |
2017-12-01T19:47:54Z |
| dc.type.spa.fl_str_mv |
info:eu-repo/semantics/workingPaper |
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http://purl.org/coar/resource_type/c_8042 |
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Documento de trabajo |
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info:eu-repo/semantics/publishedVersion |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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http://purl.org/coar/resource_type/c_8042 |
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publishedVersion |
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http://www.icesi.edu.co/departamentos/economia/images/18.pdf http://www.icesi.edu.co/departamentos/economia/borradores_de_economia.php |
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http://hdl.handle.net/10906/82359 |
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instname: Universidad Icesi |
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reponame: Biblioteca Digital |
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repourl: https://repository.icesi.edu.co/ |
| url |
http://www.icesi.edu.co/departamentos/economia/images/18.pdf http://www.icesi.edu.co/departamentos/economia/borradores_de_economia.php http://hdl.handle.net/10906/82359 |
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instname: Universidad Icesi reponame: Biblioteca Digital repourl: https://repository.icesi.edu.co/ |
| dc.language.iso.spa.fl_str_mv |
eng |
| language |
eng |
| dc.relation.ispartof.none.fl_str_mv |
Borradores de Economía No. 18 |
| 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 |
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Atribuci�n-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) |
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http://purl.org/coar/access_right/c_abf2 |
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https://creativecommons.org/licenses/by-nc-nd/4.0/ Atribuci�n-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) http://purl.org/coar/access_right/c_abf2 |
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openAccess |
| dc.format.extent.spa.fl_str_mv |
44 páginas |
| 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.program.spa.fl_str_mv |
Contaduría Pública y Finanzas Internacionales |
| dc.publisher.department.spa.fl_str_mv |
Departamento Contable Y Financiero |
| dc.publisher.place.spa.fl_str_mv |
Santiago de Cali |
| institution |
Universidad ICESI |
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Carranza Romero, Juan EstebanCali 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.2017-12-01T19:47:54Z2017-12-01T19:47:54Z2007-01-01http://www.icesi.edu.co/departamentos/economia/images/18.pdfhttp://www.icesi.edu.co/departamentos/economia/borradores_de_economia.phphttp://hdl.handle.net/10906/82359instname: Universidad Icesireponame: Biblioteca Digitalrepourl: https://repository.icesi.edu.co/This paper contains an empirical dynamic model of supply and demand in the mar- ket for digital cameras with endogenous product innovation. On the demand side, het- erogeneous 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 quality44 páginasDigitalengUniversidad IcesiFacultad de Ciencias Administrativas y EconómicasContaduría Pública y Finanzas InternacionalesDepartamento Contable Y FinancieroSantiago de CaliBorradores de Economía No. 18EL 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 Todo persona que consulte ya sea la biblioteca o en medio electrónico 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/openAccessAtribuci�n-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)http://purl.org/coar/access_right/c_abf2MercadoModelo dinámico (Economía)EconomíaEconomicsCamaras digitalesInnovación de productosProduct innovation and adoption in market equilibrium: the case of digital camerasinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042Documento de trabajoinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85Editor18TEXTcarranza_ product_innovation_2007.pdf.txtcarranza_ product_innovation_2007.pdf.txttext/plain98509http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/82359/3/carranza_%20product_innovation_2007.pdf.txtfa5d5b929443ce379e9b65c6dfb913ddMD53ORIGINALcarranza_ product_innovation_2007.pdfcarranza_ product_innovation_2007.pdfapplication/pdf307321http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/82359/1/carranza_%20product_innovation_2007.pdf1cd3323c029db51984f41efd86efc1a1MD51LICENSElicense.txtlicense.txttext/plain1748http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/82359/2/license.txt8a4605be74aa9ea9d79846c1fba20a33MD5210906/82359oai:repository.icesi.edu.co:10906/823592017-12-02 07:31:48.79Biblioteca Digital - Universidad icesicdcriollo@icesi.edu.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 |