Osborne, Martin J; Pitchik, Carolyn - In: Econometrica 55 (1987) 4, pp. 911-22
A partly analytical, partly computational approach is used to study mixed strategy equilibria of Hotelling's model of sp atial competition in which each of two firms chooses a location in a line segment and a price. There is a unique (up to symmetry) subgame perfect equilibrium in which the...