Product boundary, vertical competition, and the double mark‐upproblem
构建模型分析主产品与互补品的不对称互补性如何影响定价,发现主产品性能质量较低时出现双重加价,较高时产品独立定价,中间范围则无纯策略纳什均衡。
We develop a model in which a main product (called product A) provides a performance quality z by itself, whereas a complementary product (called product B) is useless by itself but enhances the main product's performance quality to q > z. This asymmetric complementarity gives rise to the following results. First, if z is relatively small, then firms A and B behave as if the products are symmetrically complementary with the usual double marginalization problem. Second, if z is sufficiently large, then firms A and B price their products as if they are independent. Third, over a certain range of intermediate z, no pure‐strategy Nash equilibrium exists.