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Questions tagged [product-differentiation]

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Examples of Analysis of Competition in a Latent Product Characteristic Space

Competition between firms offering heterogenous products is often an exercise of constructing the right kind of spatial model. There is the famous Hotelling model and many other papers that model ...
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0answers
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Excessive entry without fixed costs

Mankiw & Whinston (1986) show that the market may contain too many firms. The intuition is that if a firm charges a suboptimal high price, a rival has a demand curve that is "too high" and can ...
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2answers
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Multiproduct firms and horizontal product differentiation

I am having difficulty modelling the effect of horizontal product differentiation between multiproduct firms. I've been looking at models specifically by Hotelling and d'Aspremont. Hotelling concluded ...
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1answer
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Is there an index that describes how differentiated a product is?

Some products are commodities, identical regardless of the producer. Others are very different an people look for specific brands of whatever they buy. Has anybody built any sort of index of how ...
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2answers
97 views

What would make a restaurant offer all-day breakfast?

Some restaurants particularly fast food ones offer breakfast food only during, well, breakfast hours. Other restaurants however offer breakfast food throughout their opening hours. Some restaurants ...
2
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0answers
113 views

What are some ways to add quality to the supply-demand model?

Please excuse me, I hardly know anything about economics yet. When the quality of a product changes, the demand curve moves. But what if there are different versions of a product, of varying ...