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Spatial Competition and Cross-border Shopping : Evidence from State Lotteries

Knight, Brian G. - 2010

This paper investigates competition between jurisdictions in the context of cross-border shopping for state lottery tickets. We first develop a simple theoretical model in which consumers choose between state lotteries and face a trade-off between travel costs and the price of a fair gamble,...

Persistent link: https://www.econbiz.de/10012462939

Prices, Spatial Competition, and Heterogenous Producers : An Empirical Test

Syverson, Chad - 2006

In markets where spatial competition is important, many models predict that average prices are lower in denser markets (i.e., those with more producers per unit area). Homogeneous-producer models attribute this effect solely to lower optimal markups. However, when producers instead differ in...

Persistent link: https://www.econbiz.de/10012466437

Competition and Human Capital Accumulation : A Theory of Interregional Specialization and Trade

Rotemberg, Julio J. - 1990

We consider a model with several regions whose technological ability and factor endowments are identical and in which transport costs between regions are non-negligible. Nonetheless, certain goods are sometimes produced by multiple firms all of which are located in the same region. These goods...

Persistent link: https://www.econbiz.de/10012475809

Markups and Entry in a Circular Hotelling Model

Barro, Robert J. - National Bureau of Economic Research - 2024

The Hotelling locational model and its adaptations to a circular city provide a core framework for research in industrial organization. The present paper expands the explanatory power of this model by incorporating a continuum of consumers with constant-elasticity demand functions along with...

Persistent link: https://www.econbiz.de/10014635623

Diverging Trends in National and Local Concentration

Rossi-Hansberg, Esteban - 2018

Bank of Richmond or the Federal Reserve System. We thank Eric LaRose and Sara Ho for outstanding research assistance …

Persistent link: https://www.econbiz.de/10012480717

Spatial Competition, Innovation and Institutions : The Industrial Revolution and the Great Divergence

Desmet, Klaus - 2018

A market-size-only theory of industrialization cannot explain why England developed nearly two centuries before China …. One shortcoming of such a theory is its exclusive focus on producers. We show that once we incorporate the incentives of … competition between the guilds' jurisdictions. We substantiate our theory (i) by providing historical and empirical evidence on …

Persistent link: https://www.econbiz.de/10012452993

Urban Growth Shadows

Cuberes, David; Desmet, Klaus; Rappaport, Jordan - National Bureau of Economic Research - 2021

Does a location's growth benefit or suffer from being geographically close to large economic centers? Spatial proximity may lead to competition and hurt growth, but it may also improve market access and enhance growth. Using data on U.S. counties and metro areas for the period 1840-2017, we...

Persistent link: https://www.econbiz.de/10012482691

The Effects of Competition in the Retail Gasoline Industry

Taylor, Reid B.; Muehlegger, Erich - National Bureau of Economic Research - 2025

We estimate the effect of competition on incumbent firm pricing by using high frequency price data and the precise geographic location for all gas stations in California. Using an event study design, we find that the entry of a new station is associated with a 2.5 cent decrease in prices at...

Persistent link: https://www.econbiz.de/10015361445

Spatial Competition, Strategic Entry Responses, and the North Dakota Railroad War of 1905

Syverson, Chad - National Bureau of Economic Research - 2024

The North Dakota Railroad War of 1905, which pitted a potential entrant (the Soo Line) against an established monopolist incumbent (the Great Northern Railway), offers a lucid empirical example of strategic behavior, and in particular the potential for entry deterrence through product...

Persistent link: https://www.econbiz.de/10014576577

Hotelling Meets Keynes : Aggregate Adjustment with Spatial Competition and Nominal Rigidity

Schmitt-Grohé, Stephanie; Uribe, Martín - National Bureau of Economic Research - 2025

This paper embeds a circular Hotelling model of spatial competition into a new-Keynesian model with staggered price setting. The resulting framework provides microfoundations for a cost-push shock, taking the form of random variations in transportation costs. An increase in transportation costs...

Persistent link: https://www.econbiz.de/10015361504