Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Sep, 1979, Volume 47, Issue 5

On Hotelling's "Stability in Competition"<1145:OH"IC>2.0.CO;2-I
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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