haku: @indexterm Industrial organization / yhteensä: 223
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| Tekijä: | Harter, J. |
| Otsikko: | Hotelling's competition with demand location uncertainty |
| Lehti: | International Journal of Industrial Organization
1997 : MAY, VOL. 15:3, p. 327-334 |
| Asiasana: | INDUSTRIAL ORGANIZATION INTERNATIONAL COMPETITION |
| Kieli: | eng |
| Tiivistelmä: | Firms' product variety choices are examined in a differentiated products model where the range of consumers' preferences is an unknown (strict) subset of the range of potential innovations. It is found that the firms, locating sequentially, will follow the basic pattern of locations found by Neven (International Journal of Industrial Organization, 1987, 5, 419-434). The uncertainty, however, generally causes a greater, more symmetric, amount of differentiation among varieties as firms gamble on finding a market niche with less fierce competition. |
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