haku: @author Marrewijk, C. Van / yhteensä: 5
viite: 2 / 5
| Tekijä: | Hinloopen, J. Marrewijk, C. van |
| Otsikko: | On the limits and possibilities of the principle of minimum differentiation |
| Lehti: | International Journal of Industrial Organization
1999 : JUL, VOL. 17:5, p. 735-750 |
| Asiasana: | INDUSTRIAL ORGANIZATION DUOPOLY PRICING |
| Kieli: | eng |
| Tiivistelmä: | Introducing a finite reservation price in Hoteling's spatial duopoly with linear transportation costs shows that 1) there does not exist a pure strategy symmetric location equilibrium if the reservation price is "high", 2) there is a continuum of (monopolistic) equilibria if the reservation price is "low", and 3) there exists a unique pure strategy symmetric location equilibrium if the reservation price is "intermediate". The equilibrium distance between the two firms in the latter case is at least a quarter and at most half the length of the market. |
SCIMA