The Animated Hotelling Model

David M. Switzer
Additional contact information
David M. Switzer: Saint Cloud State University

Journal of Industrial Organization Education, 2011, vol. 5, issue 1, pages 8

Abstract:

The Hotelling model is used to illustrate the effects of product differentiation on market outcomes. After introducing the model, we create a demand function for the product and examine the socially optimal amount and scope of variety. We then examine how monopoly and competitive market structures result in too much or too little variety. Finally, extensions of the model are discussed. This presentation uses animation components in both Powerpoint and Flash to illustrate changes in prices and location.

Keywords: Monopoly; Product Differentiation; Hotelling; product differentiation; vertical differentiation; variety (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.bepress.com/cgi/viewcontent.cgi?article=1036&context=jioe (application/pdf)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bpj:jioedu:v:5:y:2011:i:1:n:8

Ordering information: This journal article can be ordered from
http://www.degruyter.com/view/j/jioe

Access Statistics for this article

More articles in Journal of Industrial Organization Education from De Gruyter
Series data maintained by Peter Golla ().