Minimal and maximal product differentiation in Hotelling's duopoly
نویسندگان
چکیده
منابع مشابه
Minimal and Maximal Product Differentiation in Hotelling's Duopoly
Hotelling’s (1929) model of duopolistic competition ts re-examined. A family of utility functions is used which has as a special case Hotelling’s original utility function. In a two-stage location-price game it is shown that an equilibrium exists when the curvature of the utility functions in the space of characteristics is sufficiently high. The (subgame-perfect) equilibrium never exhibits min...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 1986
ISSN: 0165-1765
DOI: 10.1016/0165-1765(86)90124-2