Deterministic heterogeneity in tastes and product differentiation in the K-logit model |
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| Authors: | Dominique Rajaonarison |
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| Institution: | aInstitut Universitaire de Technologie de Lens, Rue de l'Université 62307 EREIA, Lens, France;bEQUIPPE, Université de Lille, France |
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| Abstract: | In this paper we use the K-deformed multinomial logit model to study product differentiation. The focus is on the economic interpretation of the deformation parameter which is the key parameter of this model. Then we establish the relationship between this parameter and probability choice, price elasticity and markup. |
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| Keywords: | Deformed multinomial logit Product differentiation Markup Heterogeneity |
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