Hehenkamp, Burkhard and Wambach, Achim (2010). Survival at the center-The stability of minimum differentiation. J. Econ. Behav. Organ., 76 (3). S. 853 - 859. AMSTERDAM: ELSEVIER. ISSN 1879-1751
Full text not available from this repository.Abstract
We model a Hotelling market with multidimensional product differentiation in an evolutionary framework. Both evolutionary stability (in the sense of Schaffer, 1989) and stochastic stability (following Kandori et al., 1993; Young, 1993) are analyzed. It is shown that firms move towards the center in product space, i.e. a principle of minimum differentiation on all dimensions of the product space applies. (C) 2010 Elsevier B.V. All rights reserved.
Item Type: | Journal Article | ||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-491695 | ||||||||||||
DOI: | 10.1016/j.jebo.2010.09.018 | ||||||||||||
Journal or Publication Title: | J. Econ. Behav. Organ. | ||||||||||||
Volume: | 76 | ||||||||||||
Number: | 3 | ||||||||||||
Page Range: | S. 853 - 859 | ||||||||||||
Date: | 2010 | ||||||||||||
Publisher: | ELSEVIER | ||||||||||||
Place of Publication: | AMSTERDAM | ||||||||||||
ISSN: | 1879-1751 | ||||||||||||
Language: | English | ||||||||||||
Faculty: | Unspecified | ||||||||||||
Divisions: | Unspecified | ||||||||||||
Subjects: | no entry | ||||||||||||
Uncontrolled Keywords: |
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URI: | http://kups.ub.uni-koeln.de/id/eprint/49169 |
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