The Max-Min-Min Principle of product Differentiation.

We analyze two and three-dimensional variants of Hostelling's model of differentiated products. In our setup, consumers can place different importance on each product attribute; this is measured by a weight in the disutility of distance in each dimension.

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Year of publication:	1996
Authors:	Ansari, A. ; Economides, N. ; Steckel, J.
Institutions:	Economics Department, Stern School of Business
Subject:	PRODUCTION \| CONSUMPTION \| FIRMS

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	37 pages
Classification:	L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration ; M11 - Production Management
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005061846