Differentiated Bertrand markets: restoring the minimum differentiation principle
Stefano Colombo ()
Letters in Spatial and Resource Sciences, 2013, vol. 6, issue 2, 103-108
I introduce non-perfect substitutability between products into the spatial Bertrand model. I show that if goods are complements, the firms always agglomerate. If goods are substitutes, the firms agglomerate if the transportation costs are not too high. Copyright Springer-Verlag Berlin Heidelberg 2013
Keywords: Product differentiation; Spatial competition; Agglomeration; D43; L13; L40 (search for similar items in EconPapers)
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