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Différenciation horizontale et verticale des produits : Une application à l'industrie automobile

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  • Georges Bresson
  • Claude Mathieu

Abstract

We propose an oligopolistic competition model where exchanged products are simultaneously differentiated in horizontal and vertical dimensions. Perfect NASH equilibria are defined supposing that some decisions sequencies are expressed in terms of prices, technical characteristics and quality. In this context, it appears that horizontal differentiation is maximum at the equilibrium. Econometric estimations on panel data show a recursive prices determination of French cars sold on the national market and the importance of technical characteristics in the short and long run prices formation. Furthermore, these estimations prove that the market segmentation is realized from quality.

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  • Georges Bresson & Claude Mathieu, 1992. "Différenciation horizontale et verticale des produits : Une application à l'industrie automobile," Annals of Economics and Statistics, GENES, issue 27, pages 115-147.
    • Handle: RePEc:adr:anecst:y:1992:i:27:p:115-147
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    File URL: http://www.jstor.org/stable/20075877
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    Cited by:

    1. Guillaume Gaulier & Séverine Haller, 2000. "The Convergence of Automobile Prices in the European Union: an Empirical Analysis for the Period 1993-1999," Working Papers 2000-14, CEPII research center.

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