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Quality-Differentiated Demand and the Analytics of Disruption

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  • Charles F. Adams

Abstract

The article builds on and extends two earlier teaching notes on the enhancement of undergraduate microeconomics to encompass quality considerations in consumer choice and market responses to those preferences. This enhanced framework is then applied to an analysis of market disruption, providing a credible and accessible path for predicting threats to higher end industry leaders from lower end competitors. JEL Classifications : D0, D2, D4

Suggested Citation

  • Charles F. Adams, 2021. "Quality-Differentiated Demand and the Analytics of Disruption," The American Economist, Sage Publications, vol. 66(2), pages 315-322, October.
    • Handle: RePEc:sae:amerec:v:66:y:2021:i:2:p:315-322
    DOI: 10.1177/0569434520970854
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    References listed on IDEAS

    as
    1. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, Enero.
    2. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
    3. Charles F. Adams, 2020. "An Undergraduate Primer on Quality-Differentiated Demand," The American Economist, Sage Publications, vol. 65(2), pages 277-283, October.
    4. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    5. G. Warren Nutter, 1955. "The Plateau Demand Curve and Utility Theory," Journal of Political Economy, University of Chicago Press, vol. 63(6), pages 525-525.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    quality-differentiated demand; market; disrupt;
    All these keywords.

    JEL classification:

    • D0 - Microeconomics - - General
    • D2 - Microeconomics - - Production and Organizations
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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