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Persistent link: https://www.econbiz.de/10001834571
We revisit the fundamental issue of market provision of variety associated with Chamberlin, Spence, and Dixit-Stiglitz when firms sell multiple products. Both products and firms are (horizontally) differentiated. We propose a general nested demand framework where consumers first decide upon a...
Persistent link: https://www.econbiz.de/10014059253