Palma, Andre de; Proost, Stef - Centrum voor Economische Studiën, Faculteit Economie … - 2004
This paper presents a spatial model to study imperfect competition with congestion. The model is used to examine the price and wage setting of subcenters of a city. Residents live in a city while they shop and work in subcentres. Each subcenter o.ers one di.erentiated product and one...