Keyword: mature products

Competitive Strategy (7/7/2006)

Static efficiency in mature products may be good for consumers in the short run, but dynamic efficiency in innovative products is what drives the economy and elevates consumer welfare in the long run.

Keywords: brand dominance, consumer surplus, dynamic efficiency, economic surplus, innovative products, lock-in effect, market structure, mature products, monopoly, network product, oligopoly, patents, perfect competition, price discrimination, single pricing, standards, static efficiency

Market Entry (7/7/2006)

Barriers to market entry result in different market structure.

Keywords: barrier, capacity, capital, De Soto, durable goods, excessive entry, financing, innovative products, kickbacks, Market entry, market structure, mature products, patent, product cycle, profit, replacement purchases, tragedy of the commons, underground economy, World Bank

There Are no Widgets - Types of Goods (7/7/2006)

The law of supply and demand applies differently depending on the exact types of goods.

Keywords: capacity, closed-standard goods, complementary goods, durable goods, first-party payment goods, independently-used goods, inferior goods, innovative products, mature products, networked goods, normal goods, open-standard goods, Perishable goods, price discrimination, private goods, public goods, replacement, single pricing, substitute goods, third-party goods, widgets

Value-based Pricing (9/11/2007)

Innovative products offering high customer value should command value-based prices rather than cost-plus prices.

Keywords: commodities, cost-plus pricing, innovative products, mature products, premium prices, value-based pricing