On the definition of differentiated products in the real world

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

This paper proposes an abstract model of commodity differentiation that incorporates manufacturing imprecision and dimensioning and tolerancing standards. The potential consistency of such a model based on engineering consideration is analyzed. For a large pure exchange economy, competitive equilibria exist and are Pareto optimal. Production issues such as the derived demand for intermediate products, continuity of cost functions, and product selection and technology issues such as mass customization, agile manufacturing, and manufacturability are discussed.

Original languageEnglish (US)
Pages (from-to)3-20
Number of pages18
JournalEconomic Theory
Volume25
Issue number1
DOIs
StatePublished - Jan 2005

Keywords

  • Differentiated commodities
  • General equilibrium
  • Hausdorff metric topology

Fingerprint Dive into the research topics of 'On the definition of differentiated products in the real world'. Together they form a unique fingerprint.

Cite this