Monopolistic product line competition with ex post consumer heterogeneity
Georgantzis, N. and García-Gallego, A. (2014) Monopolistic product line competition with ex post consumer heterogeneity. Theoretical Economics Letters, 04 (02). pp. 155-165. ISSN 2162-2086
To link to this item DOI: 10.4236/tel.2014.42023
We model monopolistic competition in product lines, assuming that consumer heterogeneity is the result rather than the cause of product variety. Our results contradict some well-known policy implications yielded by the standard monopolistic competition framework.
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