In the second paper I analyze a three-player variant of Hotelling's (1929) influential locational choice model experimentally and theoretically, where entry is sequential instead of simultaneous. I find that first, Duverger’s Law (1959) is robust to violations of the gametheoretical prediction...

Hotellings berühmtes "Prinzip der minimalen Differenzierung" behauptet, dass zwei Firmen, die sich miteinander in räumlichem Wettbewerb befinden, dieselbe Position wählen. Wenn man räumlichen Wettbewerb als Modellierung von Produktdifferenzierung versteht, bedeutet dieses, dass die Firmen...

Hotelling’s famous ‘Principle of Minimum Differentiation’ suggests that two firms engaging in spatial competition will decide to locate at the same place. Interpreting spatial competition as modeling product differentiation, firms will thus offer products that are not differentiated and...