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In case of a capacitor with infinitely small center conductor, the permittivity will be eps1 regardless the dimensions (just take the limit of eps_e for R1-->0). However you can put the structure in an electric field and it will exhibit a certain permittivity, f.i. you can put it between two metallic plates. But the result will depend form the orientation of the structure switch respect to the lines of the electric field.Permittivity is measured in Farads/meter. (when in doubt, assume common sense)
For the axial direction, the effective dielectric constant, Dk (or relative permittivity) is the product*sum of each radial area*Dk divided by the total area.
Now if you wanted to compute that in the coaxial direction with two dielectrics in series, that which requires an infinitely small center conductor which is very lossy and inductive (bad idea) otherwise you need to add center hole dimension.