On the Existence and uniqueness of Price Equilibrium with Multi-Store Firms
AbstractThe paper gives a proof of the existence and the uniqueness of price equilibrium in a multi-product, multi-firm competition framework. It illustrates how the price levels depends on the inter-brand portfolio substitution and on the intra-brand portfolio substitution
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 29 (2009)
Issue (Month): 2 ()
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Other versions of this item:
- Giraud-Herauld E. & Hammoudi A. & Ramani S-V., 2006. "On the Existence and uniqueness of Price Equilibrium with Multi-Store Firms," Working Papers ERMES 0613, ERMES, University Paris 2.
- C0 - Mathematical and Quantitative Methods - - General
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
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- Maarten C.W. Janssen & Vladimir A. Karamychev & Peran van Reeven, 2003.
"Multi-Store Competition: Market Segmentation or Interlacing?,"
Tinbergen Institute Discussion Papers
03-033/1, Tinbergen Institute.
- Janssen, Maarten C.W. & Karamychev, Vladimir A. & van Reeven, Peran, 2005. "Multi-store competition: Market segmentation or interlacing?," Regional Science and Urban Economics, Elsevier, vol. 35(6), pages 700-714, November.
- Barron, John M & Taylor, Beck A & Umbeck, John R, 2000. "A Theory of Quality-Related Differences in Retail Margins: Why There Is a "Premium" on Premium Gasoline," Economic Inquiry, Western Economic Association International, vol. 38(4), pages 550-69, October.
- Klemperer, Paul, 1992. "Equilibrium Product Lines: Competing Head-to-Head May Be Less Competitive," American Economic Review, American Economic Association, vol. 82(4), pages 740-55, September.
- Janet S. Netz & Beck A. Taylor, 2002. "Maximum Or Minimum Differentiation? Location Patterns Of Retail Outlets," The Review of Economics and Statistics, MIT Press, vol. 84(1), pages 162-175, February.
- Pal, Debashis & Sarkar, Jyotirmoy, 2002. "Spatial competition among multi-store firms," International Journal of Industrial Organization, Elsevier, vol. 20(2), pages 163-190, February.
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