Using consistent agent-based techniques, this research explores the welfare consequences of product differentiation on congested networks. The economic analysis focuses on the source, evolution, measurement, and impact of product differentiation with heterogeneous users on a mixed ownership network. Path differentiation and space differentiation are defined and measured for a base scenario and ...

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...

This paper studies factors that might affect the price (i.e. a fixed licensing fee) and the demand for technology licensing. The author finds that the licensor’s licensing fee is found to increase in the degree of product differentiation between technology holders, the degree of knowledge inappropriability, and the level of transaction costs of technology licensing. Also, product differentiatio...