A. de Palma, J.-F. Thisse, V. Ginsburgh, Y. Y. Papageorgiou
The so-called Principle of Minimum Differentiation, stated by Hotelling, has been challenged by many authors. This paper restores the Principle by showing that n firms locate at the center of the market and charge prices higher than the marginal cost of production when heterogeneity in consumers' tastes is "large enough."
MLA
Palma, A. de, et al. “The Principle of Minimum Differentiation Holds under Sufficient Heterogeneity.” Econometrica, vol. 53, .no 4, Econometric Society, 1985, pp. 767-782, https://www.jstor.org/stable/1912653
Chicago
Palma, A. de, J.-F. Thisse, V. Ginsburgh, and Y. Y. Papageorgiou. “The Principle of Minimum Differentiation Holds under Sufficient Heterogeneity.” Econometrica, 53, .no 4, (Econometric Society: 1985), 767-782. https://www.jstor.org/stable/1912653
APA
Palma, A. d., Thisse, J.-F., Ginsburgh, V., & Papageorgiou, Y. Y. (1985). The Principle of Minimum Differentiation Holds under Sufficient Heterogeneity. Econometrica, 53(4), 767-782. https://www.jstor.org/stable/1912653
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