| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2203 |
| DP2203 Liquidity Traps: How to Avoid Them and How to Escape Them | |
| Willem Buiter; Nikolaos Panigirtzoglou | |
| 发表日期 | 1999-08-03 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | We examine a horizontal product differentiation duopoly model where firms are also differentiated with respect to the quality of their products. Firms first choose their locations (or product characteristics) and then compete in prices. Under full information, it is shown that, whereas the low-quality firm prefers to locate as far as possible from its competitor, the same is not true for the high-quality firm, unless the quality difference is small enough. The paper then suggests an explanation for spatial agglomeration based on incomplete information considerations. Because it is less costly for a high-quality firm than for a low-quality firm to locate close to a rival firm, choosing a location closer to a rival signals high quality. |
| 主题 | Industrial Organization |
| 关键词 | Horizontal and vertical differentiation Location Quality Signaling Spatial agglomeration |
| URL | https://cepr.org/publications/dp2203 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531309 |
| 推荐引用方式 GB/T 7714 | Willem Buiter,Nikolaos Panigirtzoglou. DP2203 Liquidity Traps: How to Avoid Them and How to Escape Them. 1999. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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