We present a model of spatial competition where transport costs are dependent on the price the monopolist sets in the market. Several specifications of the transport costs are modeled. We find that, in contrast with a standard Hotelling model, the monoplist decides to cover all the market...

This paper investigates the effects of monetary rewards from commercialisation on the pattern of research. We build a simple repeated model of a researcher capable to obtain innovative ideas. We analyse how academic and market incentives affect the allocation of the researcher’s time between...