In a duopoly model with vertical differentiation, if the firms do not cover the market, the lower quality firm chooses a quality level exactly 4/7 of that of the higher quality firm, and chooses a price which is 2/7 of the price of the higher quality firm.
机构:
Univ Nottingham, Business Sch, Jubilee Campus, Nottingham NG8 1BB, England
CESifo, Munich, Germany
INFER, Aachen, Germany
City Univ Hong Kong, GRU, Hong Kong, Hong Kong, Peoples R ChinaUniv Leicester, Sch Business, Econ, Univ Rd, Leicester LE1 7RH, Leics, England
机构:
Guangdong Univ Foreign Studies, Inst Guangdong Hong Kong Macau Great Bay Area, Guangzhou, Peoples R ChinaGuangdong Univ Foreign Studies, Inst Guangdong Hong Kong Macau Great Bay Area, Guangzhou, Peoples R China
Wang, Xingtang
Wang, Leonard F. S.
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机构:
Zhongnan Univ Econ & Law, Wenlan Sch Business, Wuhan, Peoples R China
Zhongnan Univ Econ & Law, Wenlan Sch Business, 182 Nanhu Ave,East Lake High Tech Dev Zone, Wuhan 430073, Peoples R ChinaGuangdong Univ Foreign Studies, Inst Guangdong Hong Kong Macau Great Bay Area, Guangzhou, Peoples R China