This paper explores the implications of price-dependent demand in spatial models of product differentiation. We …-called excess entry theorem relies critically on the assumption of completely inelastic demand. Our model is able to produce … price elasticity of demand is increasing in price is also provided. -- Demand elasticity ; spatial models ; excess entry …

This paper explores the implications of price-dependent demand in spatial models of product differentiation. We …-called excess entry theorem relies critically on the assumption of completely inelastic demand. Our model is able to produce … price elasticity of demand is increasing in price is also provided. -- Demand elasticity ; Spatial models ; Excess entry …

This paper explores the implications of price-dependent demand in spatial models of product differentiation. We …-called excess entry theorem relies critically on the assumption of completely inelastic demand. Our model is able to produce … price elasticity of demand is increasing in price is also provided …

modeling unobserved consumer preferences over products and retail stores, leading to augmented demand specifications. Having … logit and random coefficient logit specifications of demand in a structural model of equilibrium. Allowing for store …