On the limits and possibilities of the principle of minimum differentiation
Article Abstract:
Harold Hotelling, who introduces another variable in the duopoly model of Bertrand that companies compete both in price and location, has included horizontal product differentiation in his arguments. However, after 50 years, researchers found a flaw in Hotelling's analysis concluding that firms benefit from undercutting each other and that there is no pure strategy Nash equilibrium price.
Publisher: Elsevier B.V.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 1999
Cost Control Techniques, Research, Industrial organization, Equilibrium (Economics), Cost control
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 1999
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Modelling imperfectly appropriable R&D via spillovers
Article Abstract:
The well-known R&D models of d'Aspremont-Jacquemin and Kamien-Muller-Zang are compared.
Publisher: Elsevier B.V.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 2000
Research & Development, Scientific Research and Development Services, Models, Industrial research, Research institutes
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
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