consumer welfare. The model consists of an investment stage with uncertain returns and subsequent quantity competition. The …

We address the question of competition within the location choices of firms. In a framework of agglomeration effects …, both spatial and temporal dimensions of the firms' decisions are studied. We show that the competition consequences of … tend to demonstrate that the relation between competition strength and spatial differentiation remains pertinent in a …

market (medium term investment), competition becomes fierce. Thus, the efficiency gains from forward trading found by Allaz … investment), competition becomes rather weak. When investment matters, from a welfare point of view the desirability of forward …

We address the question of competition within the location choices of firms. In a framework of agglomeration effects …, both spatial and temporal dimensions of the firms' decisions are studied. We show that the competition consequences of … tend to demonstrate that the relation between competition strength and spatial differentiation remains pertinent in a …