-step process: first joint venture and then acquisition. This perspective is consistent with the evolutionary theory of …

This paper replicates two spatial monopoly models by Takayama and Judge. The first one is a simple spatial monopoly … our model is far from being either of the spatial monopoly models. The Appalachian steamcoal market, characterized by … numerous coal mines as well as utility companies, simply cannot be modeled by the spatial monopoly models. -- spatial model …

prices increase and consumer's surplus possibly decrease. We first derive the price and the consumer's surplus of a monopoly …