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On Ethical Product Differentiation with Asymmetric Distance Costs

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Author Info
Leonardo Becchetti () (Università di Roma "Tor Vergata")
Luisa Giallonardo () (Università di Roma "Tor Vergata")
Maria Elisabetta Tessitore () (Università di Roma "Tor Vergata")

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Abstract

In our model of ethical product differentiation two duopolists, a profit maximizing producer (PMP) and a "socially responsible" (SR) producer, compete over prices and "socially and environmentally responsible" features of their products. We show that the PMP finds it optimal to reduce his price after the SR producer’s entry when his location is fixed.We also outline equilibria in a sequential game in which the SR producer is a Stackelberg leader. We show that, when consumers’ perceived costs of ethical distance are high enough, equilibria have three main features: minimum price differentiation, ethical imitation and non minimal ethical differentiation.

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Publisher Info
Article provided by SIPI Spa in its journal Rivista di Politica Economica.

Volume (Year): 97 (2007)
Issue (Month): 5 (September-October)
Pages: 55-82
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Handle: RePEc:rpo:ripoec:v:97:y:2007:i:5:p:55-82

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Find related papers by JEL classification:
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs

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This page was last updated on 2009-12-11.


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