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ArtikelQuality Uncertainty Mitigates Product Differentiation  
Oleh: Bester, Helmut
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Rand Journal of Economics vol. 29 no. 4 (1998), page 828-844.
Topik: quality; quality; mitigates; product differentiation
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: RR10.2
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelI present the idea that imperfect information about the (vertical) quality characteristics of goods reduces the sellers' incentives for horizontal product differentiation. As a result, the equilibrium outcome may be characterized by "minimum differentiation." In a spatial framework this implies that firms tend to choose head - on competition by agglomerating at the same location. It may happen that consumers benefit from imperfect information about product quality.
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