Competition in Multi-Characteristics Spaces: Hotelling Was Almost Right

Andreas Irmen and Jacques Thisse

Cahiers de Recherches Economiques du Département d'économie from Université de Lausanne, Faculté des HEC, Département d’économie

Abstract: Lancasterian models of product differentiation typically assume a one-dimension characteristics space. We show that standard results on prices and locations no longer hold when firms compete in a multi- characteistics space.

Keywords: product positioning; multi-characteristic space (search for similar items in EconPapers)
JEL-codes: L1 M3 R3 (search for similar items in EconPapers)
Pages: 36 pages
Date: 1996-05
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Citations: View citations in EconPapers (11)

Published in Journal of Economic Theory, vol.78 (1), January 1998, pp. 76-102

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Related works:
Journal Article: Competition in Multi-characteristics Spaces: Hotelling Was Almost Right (1998)
Working Paper: Competition in multi-characteristics spaces: Hotelling was almost right (1998)
Working Paper: Competition in multi-characteristics spaces: hotelling was almost right (1997)
Working Paper: Competition in Multi-characteristics Spaces: Hotelling was Almost Right (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:lau:crdeep:9613

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