Uncertainty quality, product variety and price competition

This paper analyses price competition under product differentiation when goods are defined in a two dimensional characteristic space, and consumers do not know which firm sells which quality. Equilibrium prices consist of two additive terms, which balance consumers’ relative valuation of goods’ expected quality and consumers’ preferences for variety. However the relative importance of these terms differ under vertical and horizontal dominance

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Year of publication:	2008-08-01
Authors:	Jean J., GABSZEWICZ ; Joana, RESENDE
Institutions:	Institut de Recherche Économique et Sociale (IRES), École des Sciences Économiques de Louvain
Subject:	product differentiation \| variety \| quality \| uncertainty

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Extent:	application/pdf
Series:	Discussion Papers (ECON - Département des Sciences Economiques).
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Sciences Economiques Number 2008027
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; D80 - Information and Uncertainty. General ; L15 - Information and Product Quality; Standardization and Compatibility
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004984896