Differentiated Bertrand markets: restoring the Minimum Differentiation Principle

Stefano Colombo

Differentiated Bertrand markets: restoring the Minimum Differentiation Principle

Risultato della ricerca: Contributo in rivista › Articolo in rivista › peer 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 originale	English
pagine (da-a)	N/A-N/A
Rivista	Letters in Spatial and Resource Sciences
Stato di pubblicazione	Pubblicato - 2013

Keywords

differentiation principle

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