Lambertini, Luca
(1993)
Stackelberg equilibria and horizontal differentiation.
Bologna:
Dipartimento di Scienze economiche DSE,
p. 12.
DOI 10.6092/unibo/amsacta/5196.
In: Quaderni - Working Paper DSE
(161).
ISSN 2282-6483.
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Abstract
This paper proposes a taxonomy of the Stackelberg equilibria emerging from a standard game of horizontal differentiation à la Hotelling in which the strategy set of the sellers in the location stage is the real axis. Repeated leadership appears the most advantageous position. Furthermore, this endogenously yields vertical differentiation between products at equilibrium.
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