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This paper extends the standard Hotelling model with quadratic transport costs to the multi-firm case. Considering locational equilibria we show that neither holds the Principle of Maximum Differentiation - as in the duopoly model - nor does the Principle of Minimum Differentiation - as in the...
Persistent link: https://www.econbiz.de/10005841039
cities host more firms setting lower prices whereas for sectors with intermediate land shares larger cities accommodate more … firms charging higher prices. Softer land-use regulations and/or lower commuting costs reinforce pro-competitive effects …, making larger cities more attractive for residents via lower prices and broader product diversity …
Persistent link: https://www.econbiz.de/10012866551
In this paper, I examine duopoly with multi-services, where firms offer delivery prices and mill prices at the same …
Persistent link: https://www.econbiz.de/10012972643
The paper models duopolistic competition in so called monotowns: towns with one big factory where most of the citizens are employed. Workers after job go to one of the competitor shops, buy the product and bring it home. Nash equilibrium is found for linear and two-dimensional cases. The...
Persistent link: https://www.econbiz.de/10012002089
cities host more firms setting lower prices whereas for sectors with intermediate land shares larger cities accommodate more … firms charging higher prices. Softer land-use regulations and/or lower commuting costs reinforce pro-competitive effects …, making larger cities more attractive for residents via lower prices and broader product diversity. …
Persistent link: https://www.econbiz.de/10012031022
We extend the well-known spatial competition model (d'Aspremont et al., 1979) to a continuous time model in which two firms compete in each instance. Our focus is on the entry timing decisions of firms and their optimal locations. We demonstrate that the leader has an incentive to locate closer...
Persistent link: https://www.econbiz.de/10014141414
Many oligopoly theories predict that there will be a positive correlation between market size and the equilibrium number of firms, and some also imply that competition is more intense in larger markets. We test these predictions with a sample of 535 driving schools in 249 markets. With an...
Persistent link: https://www.econbiz.de/10014085426
Public Service Media (PSM) online is a highly up to date topic. There is no clear consensus among researchers if Public Service Media should have a legitimization online and if so to which extent. Some authors still demand for an extensive role of public service provision in the digital era...
Persistent link: https://www.econbiz.de/10010321677
Newspapers have experienced declining circulation figures and declining advertising revenues for several years. In particular, declining advertising figures put a threat on newspapers - this is especially severe in the US where 73% of their revenues are generated through advertising. On the...
Persistent link: https://www.econbiz.de/10010321680
In this paper, we analyze the equilibrium amount of entertainment in news coverage of newspapers and television stations. We find that a shift in the inclination to read, expressed by a shift in the (psychological) distance costs, induces both media outlets to incorporate more entertaining...
Persistent link: https://www.econbiz.de/10010427580