The Max-Min-Min Principle of product Differentiation
Nicholas Economides () and
Working Papers from New York University, Leonard N. Stern School of Business, Department of Economics
We analyze two and three-dimensional variants of Hostelling's model of differentiated products. In our setup, consumers can place different importance on each product attribute; this is measured by a weight in the disutility of distance in each dimension.
Keywords: PRODUCTION; CONSUMPTION; FIRMS (search for similar items in EconPapers)
JEL-codes: L22 M11 (search for similar items in EconPapers)
Pages: 37 pages
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Working Paper: The Max-Min-Min Principle of Product Differentiation (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:ste:nystbu:96-10
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