Relaxing Price Competition Through Product Differentiation

Abstract

The notion of a Perfect Equilibrium in a multi-stage game is used to characterize industry equilibrium under Monopolistic Competition, where products are differentiated by quality.

Cite this

Avner Shaked, John David Sutton (1982). Relaxing Price Competition Through Product Differentiation. The Review of Economic Studies. https://doi.org/10.2307/2297136

@article{avner1982relaxing,
  title  = {Relaxing Price Competition Through Product Differentiation},
  author = {Shaked, Avner and Sutton, John David},
  year   = {1982},
  journal = {The Review of Economic Studies},
  doi    = {10.2307/2297136}
}

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