We model monopolistic competition in product lines, assuming that consumer heterogeneity is the result rather than the cause of product variety. Our results contradict some well-known policy implications yielded by the standard monopolistic competition framework.
CITATION STYLE
Georgantzís, N., & García-Gallego, A. (2014). Monopolistic Product Line Competition with Ex Post Consumer Heterogeneity. Theoretical Economics Letters, 04(02), 155–165. https://doi.org/10.4236/tel.2014.42023
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