Larson, Nathan - Volkswirtschaftliche Fakultät, … - 2008
Wolinsky (1986) and Anderson and Renault (1999). We focus on a product design choice by which a firm can control the dispersion … ‘nichy.’ Equilibrium product design depends on a feedback loop: when reservation utility is high (low), the marginal customer …: equilibrium product design always adjusts to the level that maximizes utility. When this condition is not met, either multiple …