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We develop a product-differentiated model where the product space is a network defined as a set of varieties (nodes) linked by their degrees of substitutability (edges). We also locate consumers into this network, so that the location of each consumer (node) corresponds to her "ideal" variety....
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We develop a product-differentiated model where the product space is a network defined as a set of varieties (nodes) linked by their degrees of substituability (edges). We also locate consumers into this network, so that the location of each consumer (node) corresponds to her "ideal" variety. We...
Persistent link: https://www.econbiz.de/10012921291
We develop a product-differentiated model where the product space is a network defined as a set of varieties (nodes) linked by their degrees of substitutability (edges). We also locate consumers into this network, so that the location of each consumer (node) corresponds to her “ideal”...
Persistent link: https://www.econbiz.de/10012968266
This paper examines the importance of the distribution of consumers in Hotelling's circle on the comparison between the optimal and the market equilibrium levels of diversity. It finds that when most consumers are located very close to the firms, the result of Salop - that the equilibrium number...
Persistent link: https://www.econbiz.de/10014093018
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We develop a standard search-matching model in which mobility costs are so high that it is too costly for workers to … and commuting costs because firms need to compensate the transportation cost difference between the employed and … unemployment benefit because an increase in the latter induce firms to create less jobs, which, in turn, reduces the competition in …
Persistent link: https://www.econbiz.de/10003580850
We develop a standard search-matching model in which mobility costs are so high that it is too costly for workers to … and commuting costs because firms need to compensate the transportation cost difference between the employed and … unemployment benefit because an increase in the latter induce firms to create less jobs, which, in turn, reduces the competition in …
Persistent link: https://www.econbiz.de/10013317124