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Hotelling games with three, four, and more players

Brenner, Steffen - 2001

In this paper the standard Hotelling model with quadratic transport costs is extended to the multi-firm case. The sequential game consists of a location choice stage and a price setting stage. Considering locational equilibria it is shown that neither holds the Principle of Maximum...

Persistent link: https://www.econbiz.de/10010333061

Consumer flexibility, data quality and location choice

Baye, Irina; Hasnas, Irina - 2014

We analyze firms' location choices in a Hotelling model with two-dimensional consumer heterogeneity, along addresses and transport cost parameters (flexibility). Firms can price discriminate based on perfect data on consumer addresses and (possibly) imperfect data on consumer flexibility. We...

Persistent link: https://www.econbiz.de/10010335861

Product differentiation and entry timing in a continuous-time spatial competition model with vertical relations

Ebina, Takeshi; Matsushima, Noriaki - 2017

We study the entry timing and location decisions of two exclusive buyer-supplier relationships in a continuous-time spatial competition model. In each relationship, the firms determine their entry timing and location, and negotiate a wholesale price through Nash bargaining. Then, the downstream...

Persistent link: https://www.econbiz.de/10012013677

Competition, Land Prices, and City Size

Kichko, Sergey - 2019

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/10012052833

Duopolistic competition on a plane

Maskharashvili, Davit - 2019

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/10012063490

Location in a disk city with consumer concentration around the center

Stadler, Manfred - 2018

, inside of the city. Prices and firm profits decrease in the degree of consumer concentration. We explicitly solve the model …

Persistent link: https://www.econbiz.de/10011947620

Experimentally Observed Imitation and Cooperation in Price Competition on the Circle

Selten, Reinhard; Apesteguia, José - 2002

information about the relationship between prices and profits, but they received feedback on prices and profits of two neighbors …

Persistent link: https://www.econbiz.de/10010270575

Determinants of product differentiation: A Survey

Brenner, Steffen - 2001

This paper reviews the Hotelling literature of product differentiation. The purpose of this work is to examine the impact of the market structure on price competitionand equilibrium differentiation. The existence of a general principle of differentiation is rejected. In contrast,...

Persistent link: https://www.econbiz.de/10005840975

Hotelling Games with Three, Four, and More Players

Brenner, Steffen - 2001

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

How to draw the line: A note on local market definition

Pennerstorfer, Dieter; Yontcheva, Biliana - 2019

This article presents a novel method of market delineation, which generates virtually isolated residential clusters using data on the spatial distribution of population. The performance of this approach is evaluated by contrasting it with traditional delineation techniques based on municipal...

Persistent link: https://www.econbiz.de/10012662679