| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 983829 | Regional Science and Urban Economics | 2012 | 8 Pages |
Abstract
⺠Apply Luce's framework to oligopoly pricing of quality differentiated goods. ⺠Demand system is a probabilistic comparison of surpluses across products. ⺠High mark-ups and high demands are driven by high quality-costs. ⺠Oligopoly price equilibrium delivers a simple surplus-split property. ⺠Representative consumer formulation is quadratic in central case.
Related Topics
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Economics and Econometrics
Authors
Simon P. Anderson, André de Palma,