Fanti, Luciano; Gori, Luca - In: Economic Modelling 29 (2012) 2, pp. 421-427
–357), reveals that a higher degree of product differentiation may destabilise the market equilibrium. Moreover, we show that a … cascade of flip bifurcations may lead to periodic cycles and ultimately chaotic behaviours. Since a higher degree of product … differentiation implies weaker competition, then a theoretical implication of our findings, that also constitute a policy warning, is …