Standardization Versus Preference For Variety In Linear Cournot Oligopoly
Abstract
We consider a Cournot oligopoly setting in which consumers have an intrinsic preference for variety, while unit production costs of firms increase with the number of goods they produce. This environment exhibits a general under-provision of variety with respect to social welfare.Download Info
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Paper provided by HAL in its series Working Papers with number halshs-00353816.Length:
Date of creation: 01 Jun 2007
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Handle: RePEc:hal:wpaper:halshs-00353816
Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00353816/en/
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Keywords: Standardization; Preference for Variety; Oligopoly;References
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