Survival at the center-The stability of minimum differentiation

被引：13

作者：

Hehenkamp, Burkhard ^{[2
]}

Wambach, Achim ^{[1
]}

机构：

[1] Univ Cologne, Dept Econ, D-50923 Cologne, Germany

[2] Univ Dortmund, Fac Econ & Social Sci, D-44221 Dortmund, Germany

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2010年 / 76卷 / 03期

关键词：

Hotelling; Evolutionary game theory; Product differentiation; Location choice; LONG-RUN EQUILIBRIA; EVOLUTIONARY STABILITY; COMPETITION; GAMES; OLIGOPOLY; MUTATION; BEHAVIOR; MODEL;

D O I：

10.1016/j.jebo.2010.09.018

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We model a Hotelling market with multidimensional product differentiation in an evolutionary framework. Both evolutionary stability (in the sense of Schaffer, 1989) and stochastic stability (following Kandori et al., 1993; Young, 1993) are analyzed. It is shown that firms move towards the center in product space, i.e. a "principle of minimum differentiation" on all dimensions of the product space applies. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：853 / 858

页数：6

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