Spatial Cournot competition in a circular city with transport cost differentials

For an even number of firms with identical transport cost, spatial Cournot competition in a circular city generates a continuum of equilibria. We establish that any transport cost differential between the firms, however small, may eliminate all the equilibria, except the partial agglomeration equilibrium pattern characterized in Matsushima (2001).

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Year of publication:	2004-11-29
Authors:	Gupta, Barnali
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 4.2004, 15, p. 1-6
Publisher:	AccessEcon
Subject:	Agglomeration

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Extent:	application/pdf
Type of publication:	Article
Classification:	D4 - Market Structure and Pricing ; L1 - Market Structure, Firm Strategy, and Market Performance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010629229