Endogenous Horizontal Product Differentiation under Bertrand and Cournot Competition: Revisiting the Bertrand Paradox
---- Acknowledgments ----
We thank Keith Head, Margaret Slade and James Campbell for very helpful comments. We have benefited from presenting the paper at the Strategy and Business Economics seminar at the University of British Columbia and at the Canadian Economics Association Annual Conference. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.