Horizontal product differentiation, prices and quantity selection of a multi-product monopolist

Benjamin Bental, Menahem Spiegel

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

Abstract

A monopolist which serves a market in which tastes are uniformly spread along a circumference of a circle selects an optimal set of product varieties. The cost of installing an additional variety increases with the difference from the 'main product'. It is shown that variety prices decrease and the degree of differentiation between any two varieties increases as products get more differentiated.

Original languageEnglish (US)
Pages (from-to)99-104
Number of pages6
JournalInternational Journal of Industrial Organization
Volume2
Issue number2
DOIs
StatePublished - Jun 1984
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Industrial relations
  • Aerospace Engineering
  • Economics and Econometrics
  • Economics, Econometrics and Finance (miscellaneous)
  • Strategy and Management
  • Industrial and Manufacturing Engineering

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