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- W763516611 abstract "Within the framework proposed by Mussa and Rosen (1978) for modelling quality differentiation, we allow consumers to buy simultaneously different variants of the same indivisible good. We call this the purchase option. We show that this option dramatically affects price competition: while a unique equilibrium always prevails when consumers are assumed to make mutually exclusive purchases, either uniqueness, or multiplicity, or absence of price equilibrium arise when the joint purchase option is opened depending on the utility attached to joint purchase relative to separate purchases." @default.
- W763516611 created "2016-06-24" @default.
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- W763516611 date "2001-01-01" @default.
- W763516611 modified "2023-09-26" @default.
- W763516611 title "The Option of joint Purchase in Vertically Differentiated Industries" @default.
- W763516611 hasPublicationYear "2001" @default.
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