Econometrica: Sep, 1979, Volume 47, Issue 5

On Hotelling's "Stability in Competition"

https://www.jstor.org/stable/1911955
p. 1145-1150

C. d’Aspremont, J. Jaskold Gabszewicz, J.-F. Thisse

The purpose of this note is to show that the so-called Principle of Minimum Differentiation, as based on Hotelling's 1929 paper "Stability in Competition," is invalid.

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