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Uncertain spatial demand and price flexibility: A state space approach to duopoly

Sufficient conditions for a unique price equilibrium, in terms of the uncertainty distribution and the state contingent consumer distributions, are given for spatial duopoly. Also considered are efficiency and endogenous locations for the symmetric case and comparative statics on price flexibility.
Year of publication:
2011
Authors: Meagher, Kieron J. ; Zauner, Klaus G.
Published in:
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 113.2011, 1, p. 26-28
Publisher: Elsevier
Subject: Location Product differentiation Uncertainty Hotelling
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Type of publication: Article
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Persistent link: https://www.econbiz.de/10009275189
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