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Monopolistic product line competition with ex post consumer heterogeneity

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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

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To link to this item DOI: 10.4236/tel.2014.42023

Abstract/Summary

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.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Life Sciences > School of Agriculture, Policy and Development > Economic and Social Sciences Division > Food Economics and Marketing (FEM)
ID Code:36227
Uncontrolled Keywords:Consumer Heterogeneity; Product Diversity; Monopolistic Competition
Publisher:SCIRP
Publisher Statement:Theoretical Economics Letters is an Open Access journal accessible for free on the Internet. At Scientific Research Publishing (SCIRP), we guarantee that no university library or individual reader will ever have to buy a subscription or pay any pay-per-view fees to access articles in the electronic version of journal. There is hence no income at SCIRP that comes from selling any forms of subscriptions to this electronic version of journal or from pay-per-view fees. In order to cover the costs induced by editorial procedures, routine operation of the journals, processing of manuscripts through peer-reviews, and the provision and maintenance of a publication infrastructure, the journal charges article processing fee that can normally be defrayed by the author's institution or research funds.

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