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The Address Approach to Horizontal Product Differentiation: A Survey

Author

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  • Javier Elizalde

    () (Universidad de Navarra)

Abstract

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.

Suggested Citation

  • Javier Elizalde, 2011. "The Address Approach to Horizontal Product Differentiation: A Survey," Faculty Working Papers 06/11, School of Economics and Business Administration, University of Navarra.
  • Handle: RePEc:una:unccee:wp0611
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    File URL: http://www.unav.edu/documents/10174/6546776/1299002006_WP_UNAV_06_11.pdf
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    More about this item

    Keywords

    Oligopolistic Competition; Horizontal Product Differentiation; Hotelling;

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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