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Georgantzis, N. and García-Gallego, A. (2014) Monopolistic product line competition with ex post consumer heterogeneity. Theoretical Economics Letters, 04 (02). pp. 155-165. ISSN 2162-2086 doi: 10.4236/tel.2014.42023
Abstract/Summary
We model monopolistic competition in product lines, assuming that consumer heterogeneity is the result rather than the cause of product variety. Our results contradict some well-known policy implications yielded by the standard monopolistic competition framework.
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| Item Type | Article |
| URI | https://reading-clone.eprints-hosting.org/id/eprint/36227 |
| Identification Number/DOI | 10.4236/tel.2014.42023 |
| Refereed | Yes |
| Divisions | Life Sciences > School of Agriculture, Policy and Development > Department of Agri-Food Economics & Marketing |
| Uncontrolled Keywords | Consumer Heterogeneity; Product Diversity; Monopolistic Competition |
| Publisher | SCIRP |
| Publisher Statement | Theoretical Economics Letters is an Open Access journal accessible for free on the Internet. At Scientific Research Publishing (SCIRP), we guarantee that no university library or individual reader will ever have to buy a subscription or pay any pay-per-view fees to access articles in the electronic version of journal. There is hence no income at SCIRP that comes from selling any forms of subscriptions to this electronic version of journal or from pay-per-view fees. In order to cover the costs induced by editorial procedures, routine operation of the journals, processing of manuscripts through peer-reviews, and the provision and maintenance of a publication infrastructure, the journal charges article processing fee that can normally be defrayed by the author's institution or research funds. |
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