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A Note on Socially Insufficient Advertising in Tirole’s Duopoly Model

Creane, Anthony (2019): A Note on Socially Insufficient Advertising in Tirole’s Duopoly Model.

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Abstract

In his textbook Tirole (1988, pp. 291-294) presents a model of advertising with Hotelling duopolists. A condition for there to be socially too little advertising is derived.

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