Fairness is intuitive
Publikation: Working paper › Forskning › fagfællebedømt
Consumers are assumed to be unable to discriminate between two goods of differing qualities provided that the qualities are close enough. It is shown that in a vertically differentiated duopoly this results in multiple equilibria. Demand for each firm's good is reduced. Firms' profits may be higher or lower depending on which equilibrium is selected.
Originalsprog | Engelsk |
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Udgivelsessted | Copenhagen |
Udgiver | Springer |
Antal sider | 32 |
DOI | |
Status | Udgivet - 2014 |
Navn | University of Copenhagen. Institute of Economics. Discussion Papers (Online) |
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Nummer | 10 |
Vol/bind | 2014 |
ISSN | 1601-2461 |
Bibliografisk note
JEL Classification: C90, D03, D60
- Det Samfundsvidenskabelige Fakultet
Forskningsområder
ID: 104680081