We investigate two shipping (delivered pricing) duopoly models with circular markets, Cournot and Bertrand. In the Cournot model, maximal distance between two firms becomes the unique equilibrium outcome if transport cost is increasing with distance, irrespective of whether the transport cost...

While cultural events are primarily hosted to enhance, expand and celebrate a certain culture, the economic role that these events play in the host towns are often overlooked. The economic importance stems from the expenditure by attendants that filters through the local economy, stimulating...

This article presents an analysis of the functioning of the staple food markets following privatisation and liberalisation in Mali. New econometric techniques are used to analyse how price changes are discovered and transmitted among spatially separated markets. Results provide empirical...