Market Transparency and Product Differentiation

In a Hotelling market with endogenous choice of product characteristics increasing market transparency on the consumer side leads to less product differentiation, and lower prices and profits. This is welfare improving for all consumers and total surplus increases.

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Year of publication:	2002-11
Authors:	Schultz, Christian
Institutions:	Centre for Industrial Economics (CIE), Økonomisk Institut
Subject:	market transparency \| product differentiation \| competition policy

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Extent:	application/pdf
Series:	CIE Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2002-02 8 pages
Classification:	L13 - Oligopoly and Other Imperfect Markets ; L15 - Information and Product Quality; Standardization and Compatibility ; L40 - Antitrust Policy. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005749380