| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12046 |
| DP12046 Product Lines and Price Discrimination in Markets with Information Frictions | |
| Natalia Fabra; Juan Pablo Montero | |
| 发表日期 | 2020-07-29 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | A well known principle in economics is that firms differentiate their product offerings in order to relax competition. However, in this paper we show that in-formation frictions can invalidate this principle. We build a duopolistic model of second-degree price competition with information frictions in which (i) there always exists an equilibrium with overlapping qualities, whereas (ii) the equilibrium with non-overlapping qualities exists only when both information frictions and the costs of providing high quality are small enough. As a consequence, reasons other than the attempt to soften competition should be used to explain why firms in some cases carry non-overlapping product lines. |
| 主题 | Industrial Organization |
| 关键词 | Product strategy Pricing strategy Second degree price discrimination Search Vertical differentiation Retail competition |
| URL | https://cepr.org/publications/dp12046-3 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544062 |
| 推荐引用方式 GB/T 7714 | Natalia Fabra,Juan Pablo Montero. DP12046 Product Lines and Price Discrimination in Markets with Information Frictions. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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