کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
983823 | 934084 | 2012 | 5 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Nesting horizontal and vertical differentiation
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
We explore a variant of the Hotelling model which allows to nest horizontal and vertical differentiation into a unified setup whose key parameter is the relative natural market size of the firms. In this setup, equilibrium prices increase whenever population's disparity decreases. We also explore the properties of the model in the case of entry by a vertically differentiated product into an otherwise horizontally differentiated industry.
► We extend Hotelling model by allowing for natural markets with different sizes.
► Vertical or horizontal differentiation obtains as a function of population's tastes.
► Less dispersion in the population yields higher equilibrium prices.
► The entry of a vertically differentiated product is considered.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Regional Science and Urban Economics - Volume 42, Issue 6, November 2012, Pages 998–1002
Journal: Regional Science and Urban Economics - Volume 42, Issue 6, November 2012, Pages 998–1002
نویسندگان
Jean J. Gabszewicz, Xavier Y. Wauthy,