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Autor:innen: 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
CHOPE Working Paper No. 2024-11
Verlag: 
Duke University, Center for the History of Political Economy (CHOPE), Durham, NC
Zusammenfassung: 
We trace the origins of the definition of the "quality variable" used in the theory of product differentiation, which states that quality is unanimously appreciated by consumers, entails a higher unit cost for firms, is unidimensional and continuous. We also document the transition from a diagrammatic treatment of the issue of product quality to an algebraic one in this theory. To do so, we examine two articles published a year apart in the American Economic Review: an article written by Lawrence Abbott (1953) and an article written by Robert Dorfman and Peter Otto Steiner (1954).
Schlagwörter: 
Quality Variable
Product Differentiation
Lawrence Abbott
Robert Dorfman
Peter Otto Steiner
JEL: 
B21
D40
Dokumentart: 
Working Paper

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