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. Social welfare is always higher in a duopoly if the cost of quality is low. For higher cost levels welfare is non …
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In this paper, we adopt the vertical differentiation duopoly framework to give a full description of firms' relocation …
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Firms signal high quality through high prices even if the market structure is highly competitive and price competition is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is increasing in quality and the quality of each firm’s product...
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