Hehenkamp, Burkhard; Wambach, Achim - In: Journal of Economic Behavior & Organization 76 (2010) 3, pp. 853-858
Abstract We model a Hotelling market with multidimensional product differentiation in an evolutionary framework. Both evolutionary stability (in the sense of Schaffer, 1989) and stochastic stability (following [Kandori et al., 1993] and [Young, 1993]) are analyzed. It is shown that firms move...