Differentiated Bertrand markets: restoring the Minimum Differentiation Principle

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

Abstract

I introduce non-perfect substitutability between products into the spatial Bertrand model. I show that if goods are complements, the firms always agglomerate. If goods are substitutes, the firms agglomerate if the transportation costs are not too high.
Lingua originaleEnglish
pagine (da-a)N/A-N/A
RivistaLetters in Spatial and Resource Sciences
Stato di pubblicazionePubblicato - 2013

Keywords

  • differentiation principle

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