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Relaxing Price Competition Through Product Differentiation

The Review of Economic Studies · 1982 · Vol. 49(1) · pp. 3–3

Avner Shaked✉(London School of Economics and Political Science)John Sutton(London School of Economics and Political Science)

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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.

Merger and Competition Analysis Consumer Market Behavior and Pricing Game Theory and ApplicationsProduct differentiationCompetition (biology)Product (mathematics)EconomicsCompetition policyEconomic historyMicroeconomics

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