Monotone Profitability Ranking in a Differentiated Oligopoly
33 Pages Posted: 31 Oct 2008
Date Written: September 2004
In a setting where firms produce goods of distinct qualities at potentially different unit costs, I identify sufficient conditions for producing a higher quality good to be more (less) profitable.
Keywords: Vertical DifferentiationVertical Differentiation, Bertrand Oligopoly, Imperfect Competition
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