We prove that a sufficient condition for the core existence in a n-firm vertically differentiated market is that the qualities of firms’ products are equispaced along the quality spectrum. This result contributes to see that a fully collusive agreement among firms in such markets is more easily reachable when product qualities are not distributed too asymmetrically along the quality ladder.
Core Existence in Vertically Differentiated Markets / Jean J., Gabszewicz; Marini, Marco; Tarola, Ornella. - In: ECONOMICS LETTERS. - ISSN 0165-1765. - STAMPA. - 149:(2016), pp. 28-32. [10.1016/j.econlet.2016.09.032]
Core Existence in Vertically Differentiated Markets
MARINI, MARCO;TAROLA, Ornella
2016
Abstract
We prove that a sufficient condition for the core existence in a n-firm vertically differentiated market is that the qualities of firms’ products are equispaced along the quality spectrum. This result contributes to see that a fully collusive agreement among firms in such markets is more easily reachable when product qualities are not distributed too asymmetrically along the quality ladder.File allegati a questo prodotto
| File | Dimensione | Formato | |
|---|---|---|---|
|
ECOLET_7352.pdf
accesso aperto
Licenza:
Tutti i diritti riservati (All rights reserved)
Dimensione
158.35 kB
Formato
Adobe PDF
|
158.35 kB | Adobe PDF |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
