On price competition with complementary goods |
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Authors: | Jean Gabszewicz Nathalie Sonnac Xavier Wauthy |
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Abstract: | We consider a duopoly industry with two separate firms each selling an indivisible product. The joint consumption of these goods has a specific value for the consumers which exceeds the mere addition of utilities when products are consumed in isolation: the higher this excess, the larger the complementarity between the goods. We analyse price equilibria in this market as related to the degree of complementarity existing between the two products. |
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Keywords: | Complements Price competition Quality |
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