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The Equilibrium of Competitive Service Markets

In: Congestion-Prone Services Under Quality Competition

Author

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  • Dong-Joo Moon

    (Seoul National University)

Abstract

This chapter extends analyses presented in the previous chapter for service markets in monopoly to service markets in forms of quantitative and qualitative competition among multiple firms. Analyses in the previous chapter are extended through the application of the user equilibrium approach for competitive service markets, a more generalized version of the same approach for service markets in monopoly. This user equilibrium approach for competitive markets fundamentally differs from existing approaches for congestion-free firms in two respects.

Suggested Citation

  • Dong-Joo Moon, 2011. "The Equilibrium of Competitive Service Markets," Advances in Spatial Science, in: Congestion-Prone Services Under Quality Competition, edition 127, chapter 0, pages 209-238, Springer.
    • Handle: RePEc:spr:adspcp:978-3-642-20189-9_9
    DOI: 10.1007/978-3-642-20189-9_9
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