Models à La Lancaster and à La Hoteling: When they are the same

Martin Peitz

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: Consumer behavior in differentiated product markets can be specified following the Lancastriancharacteristics approach or following Hotelling´s approach of spatial competition. In the case ofunit demand I present a class of models of (heterogeneous) consumer behavior which can bewritten as models à la Lancaster as well as models à la Hotelling.

Keywords: Product differenciation; characteristics approach (search for similar items in EconPapers)
JEL-codes: D11 (search for similar items in EconPapers)
Pages: 11 pages
Date: 1997-02
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Published by Ivie

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http://www.ivie.es/downloads/docs/wpasad/wpasad-1997-02.pdf Fisrt version / Primera version, 1997 (application/pdf)

Related works:
Journal Article: Models a la Lancaster and a la Hotelling: when they are the same (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1997-02

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