English, Article, Journal or magazine article edition: Product Differentiation with Consumer Arbitrage. Mari Paz Espinosa; Iñaki Aguirre; María Paz Espinosa

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Bookmark: http://trove.nla.gov.au/version/183444
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Product Differentiation with Consumer Arbitrage.
Author
  • Mari Paz Espinosa
  • Iñaki Aguirre
  • María Paz Espinosa
Physical Description
  • preprint
Notes
  • RePEc:ehu:dfaeii:200301
  • We analyze the consequences of consumers behavior concerning personal arbitrage in a spatial discrimination context where firms know the consumers distribution but cannot distinguish them by location. The firms' equilibrium pricing policies provide incentives for consumers not to demand their preferred varieties of products but rather to purchase more standard varieties. This behavior may explain a decrease in observed market diversity: the demanded varieties tend to agglomerate around the center of the market. We also deal with efficiency in the presence of personal arbitrage and show that it is efficient that the cost of adapting the product to the consumers needs be shared through arbitrage, but oligopoly gives rise to an inefficient level of personal arbitrage.
  • spatial price discrimination, product differentiation, personal arbitrage.
  • RePEc:ehu:biltok:200304
Language
  • English
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