Models à La Lancaster and à La Hoteling: When they are the same

Consumer behavior in differentiated product markets can be specified following the Lancastriancharacteristics approach or following Hotelling´s approach of spatial competition. In the case ofunit demand I present a class of models of (heterogeneous) consumer behavior which can bewritten as models à la Lancaster as well as models à la Hotelling.

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Year of publication:	1997-02
Authors:	Peitz, Martin
Institutions:	Instituto Valenciano de Investigaciones Económicas (IVIE)
Subject:	Product differenciation \| characteristics approach

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Extent:	application/pdf
Series:	Working Papers. Serie AD.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published by Ivie 11 pages
Classification:	D11 - Consumer Economics: Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005731233