Tsai, Jyh-Fa; Lai, Fu-Chuan - In: Papers in Regional Science 84 (2005) 1, pp. 47-59
This article develops a duopoly model in which consumers are uniformly distributed along three sides (streets) of a triangular park and each consumer walks across the park in the shortest way to the lowest-price firm to buy one unit of a product. Two important findings emerge from our analysis....