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We study product differentiation on a Salop circle when firms relocate incrementally due to bounded rationality. We prove that, under common assumptions on demand, firms relocate only when two or more firms target the same niche. In any other case, there is no incentive for any firm to relocate...
Persistent link: https://www.econbiz.de/10011259983
suitable to intervene in the real world and not just the stylization of it, they discuss validity and operationalization of …
Persistent link: https://www.econbiz.de/10011281255
Persistent link: https://www.econbiz.de/10011962250
Persistent link: https://www.econbiz.de/10011574588
suitable to intervene in the real world and not just the stylization of it, they discuss validity and operationalization of …
Persistent link: https://www.econbiz.de/10011422415
presents a comprehensive framework synthesizing extant theories, a palette of real-world cases in the aerospace, automotive …
Persistent link: https://www.econbiz.de/10013349692