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| Author: | Anderson, S. Palma, A. Nesterov, Y. |
| Title: | Oligopolistic competition and the optimal provision of products |
| Journal: | Econometrica
1995 : NOV, VOL. 63:6, p. 1281-1302 |
| Index terms: | PRODUCT DIFFERENTIATION OLIGOPOLY COMPETITION |
| Language: | eng |
| Abstract: | This paper considers the theory of market versus optimal product diversity in the light of two recent advances in oligopoly theory. The first is the development of discrete choice models to describe heterogeneous consumer tastes, and the application of such models to oligopolistic competition. The second advance is the proof that logconcavity of the consumer taste density guarantees the existence of a price equilibrium. The authors analyze an oligopoly model with price competition and free entry, taking explicit account of the integer constraint. |
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