We argue that the effectiveness of capital as an entry barrier depends critically on its durability and that this aspect of capital has been largely ignored. We examine strategic decisions with respect to capital durability in two models. In a broad range of cases an active policy with respect...

Here we reproduce the table of contents and the introductory chapter to our book of related essays published by Edward Elgar. These essays deal with the important implications of allowing for the distribution of goods in characteristic space and of producers in geographic space. Although several...

We ask if pure profits obtained in our earlier model might be dissipated by forces excluded. We consider the possibility that the profits will be converted into land rents and usurped by landlords and conclude this will not happen. Second, we consider new firms entering to drive existing firms...

We consider Gee's model of industrial location and prove analytically that, given Gee's assumption of price discrimination, firms always wish to locate in the centres of their markets. This contrasts the result for mill-price-plus-transport-cost pricing where firm locate in the centres of...