Costly horizontal differentiation
We study the effect of quadratic differentiation costs in the Hotelling model of endogenous product differentiation. The equilibrium location choices are found to depend on the magnitude of the differentiation costs (relatively to the transportation costs supported by consumers). When the differenti...
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| Format: | article |
| Language: | eng |
| Published: |
2018
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| Online Access: | http://hdl.handle.net/10400.5/15672 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/15672 |