Title: The Effect of Product Differentiation on the Market Structure——Based on Evolutionary Economics
Abstract:This paper focus on the effect of product differentiation on the market structure with duopoly as an example.the present concludes(1) a monopoly is the likely outcome of competition in homogeneous pro...This paper focus on the effect of product differentiation on the market structure with duopoly as an example.the present concludes(1) a monopoly is the likely outcome of competition in homogeneous products,(2) although product differentiation does not preclude a monopoly it greatly improves the chances for the stable coexistence of firms in the long run,and(3) the more differentiated the products,the more stable the duopoly.Read More
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
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Cited By Count: 1
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