Endogenous Horizontal Product Differentiation under Bertrand and Cournot Competition: Revisiting the Bertrand Paradox
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This paper provides a new and simple model of endogenous horizontal product differentiation based on a standard demand structure derived from quadratic utility. One objective of the paper is to explain the empirical Bertrand paradox the failure to observe homogeneous product Bertrand oligopoly,
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美国国家经济研究局创建时间：
2015-03-01
