期刊名称:CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度:2008
卷号:1
出版社:Center for Operations Research and Econometrics (UCL), Louvain
摘要:This paper analyses price competition under product differentiation when goods are defined in
a two dimensional characteristic space, and consumers do not know which firm sells which
quality. Equilibrium prices consist of two additive terms, which balance consumers' relative
valuation of goods' expected quality and consumers' preferences for variety. However the
relative importance of these terms differ under vertical and horizontal dominance.