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Product line design
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SYSNO ASEP 0455389 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Product line design Author(s) Anderson, S. P. (US)
Celik, Levent (NHU-N) RIDSource Title Journal of Economic Theory. - : Elsevier - ISSN 0022-0531
Roč. 157, May (2015), s. 517-526Number of pages 10 s. Publication form Print - P Language eng - English Country US - United States Keywords product line design ; product differentiation ; second-degree price discrimination Subject RIV AH - Economics Institutional support NHU-N - RVO:67985998 UT WOS 000354593000022 EID SCOPUS 84927749406 DOI 10.1016/j.jet.2015.01.014 Annotation 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. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2016
Number of the records: 1