The Address Approach to Horizontal Product Differentiation: A Survey
The problem of non-existence of perfect equilibrium in the original model of Harold Hotelling and the principle of minimum differentiation he suggested have been tackled on different grounds. This paper provides a survey on the address approach to horizontal product differentiation and the different ways that works after Hotelling solved the problem of non-existence of perfect equilibrium by changing some of the assumptions of the model.
|Date of creation:||16 Feb 2011|
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