Standardization versus Preference for Variety in Linear Cournot Oligopoly
نویسندگان
چکیده
We consider a Cournot oligopoly setting in which consumers have an intrinsic preference for variety, while unit production costs of firms increase with the number of goods they produce. This environment exhibits a general under-provision of variety with respect to social welfare. JEL Classification Numbers: C70, L13, L20
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