| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6277 |
| DP6277 Firms in International Trade | |
| Andrew Bernard; Stephen Redding; Peter Schott; J Bradford Jensen | |
| 发表日期 | 2007-04-30 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We introduce product differentiation into the analysis of price competition in markets where suppliers test customers in order to assess whether they will pay for received goods or services. We find that, if the degree of differentiation is sufficiently high, suppliers may improve the average probability that their clientele will pay by charging higher prices. This helps suppliers to sustain high prices in equilibrium. Moreover, endogenizing locations in product space, we demonstrate that the high price level can be implemented in a pure-strategy subgame-perfect equilibrium with a high degree of differentiation. This is in contrast to the original Hotelling model with linear travel costs where a pure-strategy subgame-perfect equilibrium fails to exist. |
| 主题 | Industrial Organization |
| 关键词 | Hotelling Iterated elimination of strictly dominated strategies Mixed strategy Price competition Testing |
| URL | https://cepr.org/publications/dp6277 |
| 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/535110 |
| 推荐引用方式 GB/T 7714 | Andrew Bernard,Stephen Redding,Peter Schott,et al. DP6277 Firms in International Trade. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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