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Deterministic heterogeneity in tastes and product differentiation in the K-logit model

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  • Rajaonarison, Dominique

Abstract

In this paper we use the K-deformed multinomial logit model to study product differentiation. The focus is on the economic interpretation of the deformation parameter which is the key parameter of this model. Then we establish the relationship between this parameter and probability choice, price elasticity and markup.

Suggested Citation

  • Rajaonarison, Dominique, 2008. "Deterministic heterogeneity in tastes and product differentiation in the K-logit model," Economics Letters, Elsevier, vol. 100(3), pages 396-398, September.
    • Handle: RePEc:eee:ecolet:v:100:y:2008:i:3:p:396-398
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    References listed on IDEAS

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    1. Jeffrey M. Perloff & Steven C. Salop, 1985. "Equilibrium with Product Differentiation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 52(1), pages 107-120.
    2. Rajaonarison, Dominique & Bolduc, Denis & Jayet, Hubert, 2005. "The K-deformed multinomial logit model," Economics Letters, Elsevier, vol. 86(1), pages 13-20, January.
    3. Daniel McFadden, 2001. "Economic Choices," American Economic Review, American Economic Association, vol. 91(3), pages 351-378, June.
    4. Kaniadakis, G., 2001. "Non-linear kinetics underlying generalized statistics," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 296(3), pages 405-425.
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    Cited by:

    1. F. Clementi & M. Gallegati & G. Kaniadakis, 2012. "A generalized statistical model for the size distribution of wealth," Papers 1209.4787, arXiv.org, revised Dec 2012.

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