The purpose of this paper is to develop a model of product differentiation in which there is an asymmetry, namely that some customers are easier to serve than others.
This paper provides a simple solution to the problem of non-existence of pure-strategy equilibria in Bertrand-Edgeworth models with strictly convex costs.
This paper considers a generalized oligopoly supergame, where an endogenous entry decision is included.
It is frequently asserted, although never directly tested, that firms in more monopolistic industries hire better qualified workers. This paper presents two new results.
Quadraphonic audio systems failed to replace stereo in the 1970s, despite backing from all the major manufacturers and recording houses.
We examine the optimal design of two-stage research and development (R & D) joint ventures.
Using the dampening-of-competition approach to understanding vertical relationships (Rey and Stiglitz , Bonnano and Vickers , Lin , etc.), this paper shows that, in the absence of in