In this paper we present a model of spatial competition that highlights firms’ customization strategies in an imperfect competitive environment. The nature of competition in markets with products designed according to consumer preferences is discussed both in a framework of exogenous and...

Recent studies analyse the dynamic of administered prices. However, the concept of administered prices is not clearly defined in economic literature, and a common approach is missing. This paper gives a brief description of the reasons for administered prices. Moreover, it focuses on the...