Standardization versus Preference for Variety in Linear Cournot Oligopoly
Résumé
We consider a Cournot oligopoly setting in which consumers have an intrinsic preference for variety, while unit production costs of firms increase with the number of goods they produce. This environment exhibits a general under-provision of variety with respect to social welfare.
Domaines
Economies et finances
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DeroianGannon_StandardizationVersusPreferenceForVarietyInLinearCournotOligopoly_WPGreqamJun07.pdf ( 283.07 Ko
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