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Competition in Multi-characteristics Spaces: Hotelling Was Almost Right

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  • Irmen, Andreas
  • Thisse, Jacques-Francois

Abstract

Lancasterian models of product differentiation typically assume a one-dimension characteristics space. We show that standard results on prices and locations no longer hold when firms compete in a multi- characteistics space.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 78 (1998)
Issue (Month): 1 (January)
Pages: 76-102

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Handle: RePEc:eee:jetheo:v:78:y:1998:i:1:p:76-102

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Web page: http://www.elsevier.com/locate/inca/622869

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