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We show that the price-setting subgame in the classic Hotelling’s model (1929) with the linear transport costs has the …
Persistent link: https://www.econbiz.de/10010580497
Hotelling style location games, it is more realistic to assume non-uniform distributions. Using Anderson et al.'s (1997 …
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models, by illustrating their characteristics and their main results. In particular, we discuss the Hotelling linear market …
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This paper utilizes a spatial competition model to analyze criminal activity. Criminals are heterogeneous in their cost of providing illegal goods and compete by choosing a location and a price for the distribution of the illegal goods to clients. The locational choice of criminals and law...
Persistent link: https://www.econbiz.de/10010608481
This paper studies product differentiation decisions in a spatial duopoly with limited information on consumer demand. In particular, a situation is discussed in which the firms do not know the exact distribution of the random location of consumer demand and its responsiveness to price changes...
Persistent link: https://www.econbiz.de/10011051654
In this paper, spatial competition between two sellers in a market (Hotelling, 1929) and total transportation costs … locations in Hotelling's model is identical to the Weber point. Finally, we show that the locations of Hotelling's firms are far …
Persistent link: https://www.econbiz.de/10010594979
We introduce learning into a Hotelling model of a non-renewable resource market. By combining learning and scarcity we … terms of the Hotelling model, a shifting SCE and variable escape dynamics introduces greater volatility at low frequencies …
Persistent link: https://www.econbiz.de/10004973966