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In a vertical differentiation model, products differ with respect to a single characteristic z. Vertical differentiation with cournot competition'r' l lntroduction in this paper we reconsider the problem of whether two firms in the same. Quality choice in models of vertical differentiation* xavier wauthy in this note, we offer the complete characterization of. Vertical differentiation refers to the practice of.
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We classify product di⁄erentiation into two broad categories, vertical and horizontal. In a vertical differentiation model, products differ with respect to a single characteristic z. Vertical differentiation with cournot competition'r' l lntroduction in this paper we reconsider the problem of whether two firms in the same. Vertical differentiation refers to the practice of distinguishing products based on quality or performance levels, allowing consumers to.
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