Vertical differentiation with non-uniform consumers’ distribution
Article dans une revue: This note explores a vertical differentiation model with a continuous non-uniform consumers' distribution. First, a result concerning the finiteness property obtained with uniform consumers' distribution is generalized. Second, we prove an existence result of price equilibrium when the distribution is concave. Finally, we exhibit a counter-example to the existence of price equilibrium to show that the concavity assumption is not superfluous.
Auteur(s)
Jean-Marc Bonnisseau, Rim Lahmandi-Ayed
Revue
- International Journal of Economic Theory
Date de publication
- 2007