Price responses to market entry with and without endogenous product choice
Textbook wisdom says that competition yields lower prices and higher consumer surplus than monopoly. We show in two versions of a simple location-product differentiation model with and without endogenous choice of products that these two results have to be qualified. In both models, more than half o...
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| Format: | Others |
| Language: | English |
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Universität Potsdam
2005
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| Online Access: | http://nbn-resolving.de/urn:nbn:de:kobv:517-opus-14399 http://opus.kobv.de/ubp/volltexte/2007/1439/ |