Sallstrom Matthews, S.E. - Faculty of Economics, University of Cambridge - 2007
What would happen if firms could collusively choose cost of transport (inconvenience) in Hotelling's spatial model …? This paper endogenises inconvenience in a three stage game, where firms choose locations, the inconvenience, and finally … induces firms to differentiate their products in moderation by locating halfway to the center and choosing inconvenience such …