The "spokes model" takes the name from its graphical visualisation that resembles the spokes of a bike's wheel. It describes a market as a collection of spokes, joining at a common centre, where consumers are located. Firms may be situated at the extreme of these spokes, at the interior of the...

There is no place like England to witness the role of pubs as a social networking hotspot. Social networks lie at the foundations of most of the social and economic interactions of individuals. The aim of this paper is to assess the importance of pubs as natural locations for the development of...

Behaviour-based price discrimination (BBPD) is typically analysed in a framework characterised by perfectly inelastic demand. This paper provides a first assessment of the role of demand elasticity on the profit, consumer and welfare effects of BBPD. We show that the demand expansion effect,...

type="main" <p>The spokes model allows to address nonlocalized spatial competition between firms. In a spatial context, firms can price discriminate using location-contingent pricing. Nonlocalized competition implies that neighboring effects are not relevant to firms. This paper analyzes spatial...</p>

Abstract Products get to the market in different sizes. Focusing on a model in which firms can supply and sell their product in a small or a large size and the production technology is characterized by size economies, insights are provided on the size of the products that one finds on the...

This paper examines the relationship between religion and home bias. A theoretical framework is proposed suggesting that countries may show a certain degree of religion-enhanced international altruism associated with a lower home bias. These predictions are investigated empirically using...