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
Pages
  • 179-190
Version
  • 1
Volume
  • 3