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We study the duopolistic interaction between congestible facilities that supply perfect substitutes. Firms are assumed to make sequential decisions on capacities and prices. Since the outcomes directly affect consumers’ time cost of accessing or using a facility, the capacity sharing rule...
Persistent link: https://www.econbiz.de/10011130925
(congestion). When all traffic and all congestion are generated by travel to a duopolist, both the Nash-Bertrand equilibrium …
Persistent link: https://www.econbiz.de/10011131092
sufficient to make the symmetric configuration unstable for all transport cost values and to make partial agglomeration of firms … formation of agglomeration in economic geography. …
Persistent link: https://www.econbiz.de/10005666838
deregulation of the transport sector leads to more inefficient agglomeration. This latter change may, quite surprisingly, increase …
Persistent link: https://www.econbiz.de/10005791947
home-market effects and the possibility of agglomeration in models of economic geography; and the positive and normative …
Persistent link: https://www.econbiz.de/10005656373