Hotelling location problems with directional constraints: an application to television news scheduling
Article Abstract:
The concept of Nash equilibrium was applied to a problem of audience maximization in newscasts among competing television networks. The networks face a predicament because they will try to schedule their newscasts as late as possible to capture a greater audience size while at the same time present its newscasts earlier than those of its rivals. A network's revenues is dependent on audience size, location and competitors' locations. It was concluded that a Nash equilibrium takes place only in very short intervals because schedules of television newscasts do not vary.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 1995
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A theory of economic obsolescence
Article Abstract:
The consequences of technological innovation on the durable goods monopoly market equilibrium were investigated. A technological innovation which enhances the quality of a durable good tends to diminish durability by decreasing economic life. A simple two period durable goods monopoly model was developed to provide various equilibrium price sequences and sales patterns. Equilibrium in the game between the durable goods monopolist and consumers is related to the impact of economic obsolescence and the comparative sizes of the consumer groups.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 1998
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The provision of (two-way) converters in the transition process to a new incompatible technology
Article Abstract:
Incompatible technologies often mark the transition periods in high-technology industries. A prime example of this was the transition from the 5.25 inch to 3.25 inch floppy disk drive in personal computers. To analyze the equilibrium behavior of the transition process, a dynamic model was developed to ascertain the inefficiency observed in the transition period. The results showed that the use of converters that supposedly facilitate the transition from the 5.25 inch to 3.25 inch floppy disk actually forestalled the transition.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 1997
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