Number of the records: 1
Product line design
- 1.0455389 - NHÚ 2016 RIV US eng J - Journal Article
Anderson, S. P. - Celik, Levent
Product line design.
Journal of Economic Theory. Roč. 157, May (2015), s. 517-526. ISSN 0022-0531. E-ISSN 1095-7235
Institutional support: RVO:67985998
Keywords : product line design * product differentiation * second-degree price discrimination
Subject RIV: AH - Economics
Impact factor: 1.097, year: 2015
We characterize the product line choice and pricing of a monopolist from the upper envelope of net marginal revenue curves to the individual product demand functions. The equilibrium product line constitutes those varieties yielding the highest upper envelope. In a generalized vertical differentiation framework, the equilibrium line is exactly the same as the first-best socially optimal line. These upper envelope and first-best optimal line findings extend to symmetric Cournot oligopoly.
Permanent Link: http://hdl.handle.net/11104/0256007
Number of the records: 1