In this paper, a spatial model is used to endogenously determine product locations and prices when consumers have an elastic demand with a finite reservation price. I show under which condition a two-stage Bertrand-Nash equilibrium yields maximal product differentiation with full market covering. Ad
Advertising's effect on the market demand elasticity: A note
β Scribed by Henry W. Kinnucan; Yuqing Zheng
- Publisher
- John Wiley and Sons
- Year
- 2004
- Tongue
- English
- Weight
- 84 KB
- Volume
- 20
- Category
- Article
- ISSN
- 0742-4477
No coin nor oath required. For personal study only.
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