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Congestion-Prone Services under Quality Competition

A Microeconomic Analysis

  • Book
  • © 2012

Overview

  • New title in the prestigious series "Advances in Spatial Science"
  • State-of-the-art contents
  • Peer-reviewed by international experts
  • Includes supplementary material: sn.pub/extras

Part of the book series: Advances in Spatial Science (ADVSPATIAL)

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Table of contents (15 chapters)

  1. Cost Analyses for Congestion-Prone Service Systems

  2. Decisions of Congestion-Prone Service Firms

  3. Social Welfare Issues for Congestion-Prone Services

Keywords

About this book

This study presents new microeconomic analyses of congestion-prone services that comprise most private and public services at the final consumption stage. It accounts for two distinctive features of congestion-prone services: the discrepancy between capacity and throughput, and service quality competition. To accommodate these features, a series of new decision-making theorems for consumers and suppliers is developed. The resulting demand and cost functions incorporate service time as the variable that reflects congestion and service quality. In market equilibrium, interactions between consumers and firms endogenously determine the industrial organization type of each firm and thus allow the coexistence of multiple industrial organization types in the same market. Efficiency of resource allocation is assessed by applying two different criteria: service quality diversity throughout the market and Pareto optimality in each submarket.

Authors and Affiliations

  • , Institute for Environmental Planning, Seoul National University, Gangnam-Gu, Seoul, Korea, Republic of (South Korea)

    Dong-Joo Moon

About the author

Dong-Joo Moon, Research Follow, Institute for Environment Planning, Graduate School of Environmental Studies, Seoul National University.
Awards of Honor: Hanguk Explosive Fellowship (Junior and Senior of undergraduate), General Mills Fellowship (3 years of Ph.D. program), Official commendation of the Prime Minister of the Korean Government for Research Project Development, Best Article of the Year 2007, Korean Society of Transportation.

Bibliographic Information

  • Book Title: Congestion-Prone Services under Quality Competition

  • Book Subtitle: A Microeconomic Analysis

  • Authors: Dong-Joo Moon

  • Series Title: Advances in Spatial Science

  • DOI: https://doi.org/10.1007/978-3-642-20189-9

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer Berlin Heidelberg 2012

  • Hardcover ISBN: 978-3-642-20188-2Published: 05 January 2012

  • Softcover ISBN: 978-3-642-44291-9Published: 22 February 2014

  • eBook ISBN: 978-3-642-20189-9Published: 05 January 2012

  • Series ISSN: 1430-9602

  • Series E-ISSN: 2197-9375

  • Edition Number: 1

  • Number of Pages: XVIII, 426

  • Topics: Regional/Spatial Science, Industrial Organization

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