We study the location equilibrium in Hotelling's model of spatial competition. As d'Aspremont et al. (1979) have shown, with quadratic consumer transportation cost the two sellers will seek to move as far away from each other as possible. This generates a coordination problem which the...

In this paper I consider an OLG model with production and a single commodity. I show that in such an environment unbounded growth of income per capita is not possible if the aggregate technology is of the usual constant returns to scale type. This is not due to lack of productivity of the...

Models of commitment make two assumptions: there is a first mover, and his action is perfectly observed by the subsequent mover. The purpose of this paper is to disentangle these two assumptions, in order to see if a strategic benefit from commitment remains when the first-mover's choice is...