A difficulty with the address models of product differentiation
Summary. In models of product differentiation and location models it is implicitly assumed that consumers can afford to buy the differentiated goods in the market. I show that with income heterogeneity there are severe existence problems of a price equilibrium in models of horizontal product differe...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Peitz, Martin [verfasserIn] |
|---|
| Format: |
Artikel |
|---|---|
| Sprache: |
Englisch |
| Erschienen: |
1999 |
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| Anmerkung: |
© Springer-Verlag Berlin Heidelberg 1999 |
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| Übergeordnetes Werk: |
Enthalten in: Economic theory - Springer-Verlag, 1991, 14(1999), 3 vom: Nov., Seite 717-727 |
|---|---|
| Übergeordnetes Werk: |
volume:14 ; year:1999 ; number:3 ; month:11 ; pages:717-727 |
| Links: |
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| DOI / URN: |
10.1007/s001990050351 |
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OLC2060488125 |
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| 520 | |a Summary. In models of product differentiation and location models it is implicitly assumed that consumers can afford to buy the differentiated goods in the market. I show that with income heterogeneity there are severe existence problems of a price equilibrium in models of horizontal product differentiation with unit demand because some consumers are income-constrained. The result generalizes to other models of product differentiation, search, and switching costs. I present an alternative specification of variable individual demand in which this kind of existence problem cannot arise. | ||
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10.1007/s001990050351 doi (DE-627)OLC2060488125 (DE-He213)s001990050351-p DE-627 ger DE-627 rakwb eng 330 VZ 330 510 VZ 83.00 bkl Peitz, Martin verfasserin aut A difficulty with the address models of product differentiation 1999 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer-Verlag Berlin Heidelberg 1999 Summary. In models of product differentiation and location models it is implicitly assumed that consumers can afford to buy the differentiated goods in the market. I show that with income heterogeneity there are severe existence problems of a price equilibrium in models of horizontal product differentiation with unit demand because some consumers are income-constrained. The result generalizes to other models of product differentiation, search, and switching costs. I present an alternative specification of variable individual demand in which this kind of existence problem cannot arise. Enthalten in Economic theory Springer-Verlag, 1991 14(1999), 3 vom: Nov., Seite 717-727 (DE-627)13093870X (DE-600)1059110-2 (DE-576)025091611 0938-2259 nnns volume:14 year:1999 number:3 month:11 pages:717-727 https://doi.org/10.1007/s001990050351 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OPC-MAT GBV_ILN_11 GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_267 GBV_ILN_2002 GBV_ILN_2012 GBV_ILN_2018 GBV_ILN_2020 GBV_ILN_4012 GBV_ILN_4029 GBV_ILN_4036 GBV_ILN_4082 GBV_ILN_4125 GBV_ILN_4277 GBV_ILN_4310 GBV_ILN_4314 GBV_ILN_4318 GBV_ILN_4324 83.00 VZ AR 14 1999 3 11 717-727 |
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10.1007/s001990050351 doi (DE-627)OLC2060488125 (DE-He213)s001990050351-p DE-627 ger DE-627 rakwb eng 330 VZ 330 510 VZ 83.00 bkl Peitz, Martin verfasserin aut A difficulty with the address models of product differentiation 1999 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer-Verlag Berlin Heidelberg 1999 Summary. In models of product differentiation and location models it is implicitly assumed that consumers can afford to buy the differentiated goods in the market. I show that with income heterogeneity there are severe existence problems of a price equilibrium in models of horizontal product differentiation with unit demand because some consumers are income-constrained. The result generalizes to other models of product differentiation, search, and switching costs. I present an alternative specification of variable individual demand in which this kind of existence problem cannot arise. Enthalten in Economic theory Springer-Verlag, 1991 14(1999), 3 vom: Nov., Seite 717-727 (DE-627)13093870X (DE-600)1059110-2 (DE-576)025091611 0938-2259 nnns volume:14 year:1999 number:3 month:11 pages:717-727 https://doi.org/10.1007/s001990050351 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OPC-MAT GBV_ILN_11 GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_267 GBV_ILN_2002 GBV_ILN_2012 GBV_ILN_2018 GBV_ILN_2020 GBV_ILN_4012 GBV_ILN_4029 GBV_ILN_4036 GBV_ILN_4082 GBV_ILN_4125 GBV_ILN_4277 GBV_ILN_4310 GBV_ILN_4314 GBV_ILN_4318 GBV_ILN_4324 83.00 VZ AR 14 1999 3 11 717-727 |
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10.1007/s001990050351 doi (DE-627)OLC2060488125 (DE-He213)s001990050351-p DE-627 ger DE-627 rakwb eng 330 VZ 330 510 VZ 83.00 bkl Peitz, Martin verfasserin aut A difficulty with the address models of product differentiation 1999 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer-Verlag Berlin Heidelberg 1999 Summary. In models of product differentiation and location models it is implicitly assumed that consumers can afford to buy the differentiated goods in the market. I show that with income heterogeneity there are severe existence problems of a price equilibrium in models of horizontal product differentiation with unit demand because some consumers are income-constrained. The result generalizes to other models of product differentiation, search, and switching costs. I present an alternative specification of variable individual demand in which this kind of existence problem cannot arise. Enthalten in Economic theory Springer-Verlag, 1991 14(1999), 3 vom: Nov., Seite 717-727 (DE-627)13093870X (DE-600)1059110-2 (DE-576)025091611 0938-2259 nnns volume:14 year:1999 number:3 month:11 pages:717-727 https://doi.org/10.1007/s001990050351 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OPC-MAT GBV_ILN_11 GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_267 GBV_ILN_2002 GBV_ILN_2012 GBV_ILN_2018 GBV_ILN_2020 GBV_ILN_4012 GBV_ILN_4029 GBV_ILN_4036 GBV_ILN_4082 GBV_ILN_4125 GBV_ILN_4277 GBV_ILN_4310 GBV_ILN_4314 GBV_ILN_4318 GBV_ILN_4324 83.00 VZ AR 14 1999 3 11 717-727 |
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10.1007/s001990050351 doi (DE-627)OLC2060488125 (DE-He213)s001990050351-p DE-627 ger DE-627 rakwb eng 330 VZ 330 510 VZ 83.00 bkl Peitz, Martin verfasserin aut A difficulty with the address models of product differentiation 1999 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer-Verlag Berlin Heidelberg 1999 Summary. In models of product differentiation and location models it is implicitly assumed that consumers can afford to buy the differentiated goods in the market. I show that with income heterogeneity there are severe existence problems of a price equilibrium in models of horizontal product differentiation with unit demand because some consumers are income-constrained. The result generalizes to other models of product differentiation, search, and switching costs. I present an alternative specification of variable individual demand in which this kind of existence problem cannot arise. Enthalten in Economic theory Springer-Verlag, 1991 14(1999), 3 vom: Nov., Seite 717-727 (DE-627)13093870X (DE-600)1059110-2 (DE-576)025091611 0938-2259 nnns volume:14 year:1999 number:3 month:11 pages:717-727 https://doi.org/10.1007/s001990050351 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OPC-MAT GBV_ILN_11 GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_267 GBV_ILN_2002 GBV_ILN_2012 GBV_ILN_2018 GBV_ILN_2020 GBV_ILN_4012 GBV_ILN_4029 GBV_ILN_4036 GBV_ILN_4082 GBV_ILN_4125 GBV_ILN_4277 GBV_ILN_4310 GBV_ILN_4314 GBV_ILN_4318 GBV_ILN_4324 83.00 VZ AR 14 1999 3 11 717-727 |
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10.1007/s001990050351 doi (DE-627)OLC2060488125 (DE-He213)s001990050351-p DE-627 ger DE-627 rakwb eng 330 VZ 330 510 VZ 83.00 bkl Peitz, Martin verfasserin aut A difficulty with the address models of product differentiation 1999 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer-Verlag Berlin Heidelberg 1999 Summary. In models of product differentiation and location models it is implicitly assumed that consumers can afford to buy the differentiated goods in the market. I show that with income heterogeneity there are severe existence problems of a price equilibrium in models of horizontal product differentiation with unit demand because some consumers are income-constrained. The result generalizes to other models of product differentiation, search, and switching costs. I present an alternative specification of variable individual demand in which this kind of existence problem cannot arise. Enthalten in Economic theory Springer-Verlag, 1991 14(1999), 3 vom: Nov., Seite 717-727 (DE-627)13093870X (DE-600)1059110-2 (DE-576)025091611 0938-2259 nnns volume:14 year:1999 number:3 month:11 pages:717-727 https://doi.org/10.1007/s001990050351 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OPC-MAT GBV_ILN_11 GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_267 GBV_ILN_2002 GBV_ILN_2012 GBV_ILN_2018 GBV_ILN_2020 GBV_ILN_4012 GBV_ILN_4029 GBV_ILN_4036 GBV_ILN_4082 GBV_ILN_4125 GBV_ILN_4277 GBV_ILN_4310 GBV_ILN_4314 GBV_ILN_4318 GBV_ILN_4324 83.00 VZ AR 14 1999 3 11 717-727 |
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Summary. In models of product differentiation and location models it is implicitly assumed that consumers can afford to buy the differentiated goods in the market. I show that with income heterogeneity there are severe existence problems of a price equilibrium in models of horizontal product differentiation with unit demand because some consumers are income-constrained. The result generalizes to other models of product differentiation, search, and switching costs. I present an alternative specification of variable individual demand in which this kind of existence problem cannot arise. © Springer-Verlag Berlin Heidelberg 1999 |
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Summary. In models of product differentiation and location models it is implicitly assumed that consumers can afford to buy the differentiated goods in the market. I show that with income heterogeneity there are severe existence problems of a price equilibrium in models of horizontal product differentiation with unit demand because some consumers are income-constrained. The result generalizes to other models of product differentiation, search, and switching costs. I present an alternative specification of variable individual demand in which this kind of existence problem cannot arise. © Springer-Verlag Berlin Heidelberg 1999 |
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Summary. In models of product differentiation and location models it is implicitly assumed that consumers can afford to buy the differentiated goods in the market. I show that with income heterogeneity there are severe existence problems of a price equilibrium in models of horizontal product differentiation with unit demand because some consumers are income-constrained. The result generalizes to other models of product differentiation, search, and switching costs. I present an alternative specification of variable individual demand in which this kind of existence problem cannot arise. © Springer-Verlag Berlin Heidelberg 1999 |
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