Sun, Chia-Hung; Lai, Fu-Chuan - In: The Annals of Regional Science 50 (2013) 3, pp. 953-971
This paper provides a simple, realistic, and very slightly modified version of the production technology in Hotelling’s (Econ J 39:41–57, <CitationRef CitationID="CR19">1929</CitationRef>) spatial model with linear transportation costs to overcome the nonexistence problem of equilibrium—decreasing returns to scale. It is shown that a...</citationref>
