firms are symmetric, except for order of entry. We study a generalization of the Hotelling model, in which a consumer …

We study how information sharing between banks influences the geographical clustering of branches. A spatial oligopoly …

We show that the entry of a second firm in a horizontally differentiated market (ala Hotelling) may harm consumers as … entry increase in price may outweight the gains from extra variety and make consumers worse off. …

Models of spatial competition are typically static, and exhibit multiple free-entry equilibria. Incumbent firms can … zero-profit equilibrium, at which there is normally excessive entry, and so an entry tax would improve the allocation of … resources. At the other extreme, the equilibrium with the greatest rent per firm normally entails insufficient entry, so an …

author concludes that a penetration pricing strategy conducted by a third intermediary is more successful when the pre-entry …

(explicitly or tacitly) collusive division of geographic markets. A simple spatial oligopoly setting demonstrates how goods can …