Relaxing Price Competition Through Product Differentiation
- 1 January 1982
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 49 (1) , 3-13
- https://doi.org/10.2307/2297136
Abstract
The notion of a Perfect Equilibrium in a multi-stage game is used to characterize industry equilibrium under Monopolistic Competition, where products are differentiated by quality.Keywords
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