The Max-Min-Min Principle of product Differentiation
We analyze two and three-dimensional variants of Hostelling's model of differentiated products. In our setup, consumers can place different importance on each product attribute; this is measured by a weight in the disutility of distance in each dimension.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: New York University, Leonard N. Stern School of Business, Department of Economics, 44 West 4th Street, New York, NY 10012-1126|
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Fax: (212) 995-4218
Web page: http://w4.stern.nyu.edu/economics/
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