Spatial Dispersion in Cournot Competition.

In this paper we consider the spatial model by Anderson and Neven (1991) to study the subgame perfect equilibria without restricting the consumers' reservation price. New equilibria emerge where firms locate at disperse points in space. Also, at equilibrium, firms may monopolize some segments of the market.

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Year of publication:	1996
Authors:	Chamorro, J.M.
Institutions:	Departament d'Economia i Història Econòmica, Universitat Autònoma de Barcelona
Subject:	GAME THEORY \| ECONOMIC EQUILIBRIUM \| MONOPOLIES

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Series:	UFAE and IAE Working Papers.
Type of publication:	Book / Working Paper
Notes:	16 pages
Classification:	C70 - Game Theory and Bargaining Theory. General ; C79 - Game Theory and Bargaining Theory. Other ; D40 - Market Structure and Pricing. General ; L12 - Monopoly; Monopolization Strategies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005572186