Hennessy, David A.; Lapan, Harvey E. - In: Journal of Mathematical Economics 45 (2009) 1-2, pp. 124-146
Taking location as given, we study imperfect competition on a circular city. In Bertrand oligopoly, we identify price harmonics as a function of firm unit costs and locations. The sum of oligopoly profits is larger when costs and/or locations are more dispersed in the [`]dihedral majorization'...