Showing 1 - 5 of 5
This paper analyzes a model of duopoly with fixed costs. Leadership by one "established" firm may yield an outcome in which the second is inactive, but entry prevention is not a prior constraint. We find that two aspects of product differentiation have distinct effects: an absolute advantage in...
Persistent link: https://www.econbiz.de/10005133247
This paper studies the determination of the optimum size and arrangement of a monocentric city,. The major consideration is the trade-off between economies of scale in production in the central business district and the diseconomies of congestion in commuter transport. Planned optimum...
Persistent link: https://www.econbiz.de/10005170759
(no abstract)
Persistent link: https://www.econbiz.de/10005551065
(no abstract)
Persistent link: https://www.econbiz.de/10005551077
This paper applies conventional welfare-theoretic methods to study advertising which changes consumer tastes. In a wide range of empirically plausible circumstances, private profitability is seen to be necessary but not sufficient for the social desirability of a small amount of advertising. The...
Persistent link: https://www.econbiz.de/10005551195