Optimal product variety in a Hotelling model
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econlet.2012.04.075
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Kieron Meagher, 2011. "Optimal Product Variety in a Hotelling Model," ANU Working Papers in Economics and Econometrics 2011-555, Australian National University, College of Business and Economics, School of Economics.
References listed on IDEAS
- Caplin, Andrew & Nalebuff, Barry, 1991.
"Aggregation and Imperfect Competition: On the Existence of Equilibrium,"
Econometrica, Econometric Society, vol. 59(1), pages 25-59, January.
- Andrew Caplin & Barry Nalebuff, 1990. "Aggregation and Imperfect Competition: On the Existence of Equilibrium," Cowles Foundation Discussion Papers 937, Cowles Foundation for Research in Economics, Yale University.
- Kieron Meagher & Klaus Zauner, 2005. "Location-then-price competition with uncertain consumer tastes," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 25(4), pages 799-818, June.
- Lederer, Phillip J & Hurter, Arthur P, Jr, 1986. "Competition of Firms: Discriminatory Pricing and Location," Econometrica, Econometric Society, vol. 54(3), pages 623-640, May.
- d'Aspremont, C & Gabszewicz, Jean Jaskold & Thisse, J-F, 1979.
"On Hotelling's "Stability in Competition","
Econometrica, Econometric Society, vol. 47(5), pages 1145-1150, September.
- d'ASPREMONT, Claude & GABSZEWICZ, Jean J. & THISSE, Jacques-François, 1979. "On Hotelling's "Stability in competition"," LIDAM Reprints CORE 385, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Anderson, Simon P. & Goeree, Jacob K. & Ramer, Roald, 1997. "Location, Location, Location," Journal of Economic Theory, Elsevier, vol. 77(1), pages 102-127, November.
- Meagher, Kieron J. & Zauner, Klaus G., 2004. "Product differentiation and location decisions under demand uncertainty," Journal of Economic Theory, Elsevier, vol. 117(2), pages 201-216, August.
- F. Javier Casado-Izaga, 2000. "Location decisions: The role of uncertainty about consumer tastes," Journal of Economics, Springer, vol. 71(1), pages 31-46, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Xefteris, Dimitrios, 2013. "Equilibria in unidirectional spatial models," Economics Letters, Elsevier, vol. 119(2), pages 146-149.
- Bertrand Ottino-Loffler & Forrest Stonedahl & Vipin Veetil & Uri Wilensky, 2017. "Spatial Competition with Interacting Agents," International Journal of Microsimulation, International Microsimulation Association, vol. 10(3), pages 75-91.
- Phillip J. Lederer, 2020. "Location-Price Competition with Delivered Pricing and Elastic Demand," Networks and Spatial Economics, Springer, vol. 20(2), pages 449-477, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Król, Michał, 2012.
"Product differentiation decisions under ambiguous consumer demand and pessimistic expectations,"
International Journal of Industrial Organization, Elsevier, vol. 30(6), pages 593-604.
- Michal Król, 2011. "Product differentiation decisions under ambiguous consumer demand and pessimistic expectations," Economics Discussion Paper Series 1103, Economics, The University of Manchester.
- Krol Michal, 2011.
"On the Existence and Social Optimality of Equilibria in a Hotelling Game with Uncertain Demand and Linear-Quadratic Costs,"
The B.E. Journal of Theoretical Economics, De Gruyter, vol. 11(1), pages 1-22, March.
- Michal Król, 2011. "On the existence and social optimality of equilibria in a Hotelling game with uncertain demand and linearquadratic costs," Economics Discussion Paper Series 1101, Economics, The University of Manchester.
- Bonein, Aurélie & Turolla, Stéphane, 2009.
"Sequential location under one-sided demand uncertainty,"
Research in Economics, Elsevier, vol. 63(3), pages 145-159, September.
- Aurélie Bonein & Stéphane Turolla, 2007. "Sequential Location under one-sided Demand Uncertainty," Working Papers 07-12, LAMETA, Universtiy of Montpellier, revised Nov 2007.
- Aurélie Bonein & Turolla Stéphane, 2009. "Sequential location under one-sided demand uncertainty," Post-Print halshs-00413686, HAL.
- Meagher, Kieron J. & Zauner, Klaus G., 2011. "Uncertain spatial demand and price flexibility: A state space approach to duopoly," Economics Letters, Elsevier, vol. 113(1), pages 26-28, October.
- T. Florian Kauffeldt & Boris R. Wiesenfarth, 2018. "Product Design Competition Under Different Degrees of Demand Ambiguity," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 53(2), pages 397-420, September.
- Manfred Stadler, 2019.
"Location in a Disk City with Consumer Concentration Around the Center,"
Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 71(1), pages 35-50, February.
- Stadler, Manfred, 2018. "Location in a disk city with consumer concentration around the center," University of Tübingen Working Papers in Business and Economics 113, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
- Meagher, Kieron J. & Wong, Arlene & Zauner, Klaus G., 2020. "A competitive analysis of fail fast: Shakeout and uncertainty about consumer tastes," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 589-600.
- Xu Guan & Ying‐Ju Chen, 2016. "Timing of information acquisition in a competitive environment," Naval Research Logistics (NRL), John Wiley & Sons, vol. 63(1), pages 3-22, February.
- Michal Król, 2009. "The role of demand uncertainty in the two stage Hotelling model," Economics Discussion Paper Series 0904, Economics, The University of Manchester.
- Aurélie Bonein & Stéphane Turolla, 2023.
"Spatial competition with demand uncertainty: A laboratory experiment,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 32(4), pages 906-939, October.
- Bonein, Aurélie & Turolla, Stéphane, 2017. "Spatial competition with demand uncertainty: A laboratory experiment," Working Papers 266260, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
- Aurélie Bonein & Stéphane Turolla, 2017. "Spatial competition with demand uncertainty: A laboratory experiment," Working Papers SMART 17-12, INRAE UMR SMART.
- Kauffeldt, Florian & Wiesenfarth, Boris, 2014. "Confidence, Pessimism and their Impact on Product Differentiation in a Hotelling Model with Demand Location Uncertainty," Working Papers 0562, University of Heidelberg, Department of Economics.
- Jianhu Zhang & Changying Li, 2013. "Endogenous timing in a mixed oligopoly under demand uncertainty," Journal of Economics, Springer, vol. 108(3), pages 273-289, April.
- John S. Heywood & Dongyang Li & Guangliang Ye, 2022. "Mixed duopoly under hotelling with convex production costs," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(2), pages 487-510, October.
- Heijnen, Pim & Soetevent, Adriaan R., 2018.
"Price competition on graphs,"
Journal of Economic Behavior & Organization, Elsevier, vol. 146(C), pages 161-179.
- Adriaan R. Soetevent, 2010. "Price Competition on Graphs," Tinbergen Institute Discussion Papers 10-126/1, Tinbergen Institute, revised 11 Aug 2011.
- Pim Heijnen & Adriaan Soetevent, 2014. "Price Competition on Graphs," Tinbergen Institute Discussion Papers 14-131/VII, Tinbergen Institute.
- Auer, Raphael A. & Sauré, Philip, 2017.
"Dynamic entry in vertically differentiated markets,"
Journal of Economic Theory, Elsevier, vol. 167(C), pages 177-205.
- Auer, Raphael & Sauré, Philip, 2014. "Dynamic Entry in Vertically Differentiated Markets," CEPR Discussion Papers 10027, C.E.P.R. Discussion Papers.
- Raphael A. Auer & Philip Sauré, 2016. "Dynamic Entry in Vertically Differentiated Markets," CESifo Working Paper Series 6130, CESifo.
- Buechel, Berno & Roehl, Nils, 2015.
"Robust equilibria in location games,"
European Journal of Operational Research, Elsevier, vol. 240(2), pages 505-517.
- Berno Buechel & Nils Roehl, 2013. "Robust Equilibria in Location Games," Working Papers Dissertations 03, Paderborn University, Faculty of Business Administration and Economics.
- Berno Buechel & Nils Roehl, 2013. "Robust Equilibria in Location Games," Working Papers CIE 58, Paderborn University, CIE Center for International Economics.
- Leo Kaas & Paul Madden, 2010.
"Minimum wages and welfare in a Hotelling duopsony,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 43(2), pages 167-188, May.
- L. Kaas & P. Madden, 2006. "Minimum Wages and Welfare in a Hotelling Duopsony," Economics Discussion Paper Series 0604, Economics, The University of Manchester.
- Kaas, Leo & Madden, Paul, 2008. "Minimum Wages and Welfare in a Hotelling Duopsony," IZA Discussion Papers 3434, Institute of Labor Economics (IZA).
- Stefano Colombo, 2016. "A Model of Three Cities," International Regional Science Review, , vol. 39(4), pages 386-416, October.
- Sallstrom Matthews, S.E., 2007. "The Principle of Moderate Differentiation," Cambridge Working Papers in Economics 0720, Faculty of Economics, University of Cambridge.
- Heidrun Hoppe & Ulrich Lehmann-Grube, 2008.
"Price competition in markets with customer testing: the captive customer effect,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 35(3), pages 497-521, June.
- Hoppe-Wewetzer, Heidrun C. & Lehmann-Grube, Ulrich, 2007. "Price Competition in Markets with Customer Testing: The Captive Customer Effect," CEPR Discussion Papers 6229, C.E.P.R. Discussion Papers.
More about this item
Keywords
Location; Product variety; Pricing; Price discrimination; Uncertainty;All these keywords.
JEL classification:
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
- R39 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:117:y:2012:i:1:p:71-73. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.