Carlos, Corchón Luis; Galina, Zudenkova - In: The B.E. Journal of Economic Analysis & Policy 13 (2013) 2, pp. 1143-1178
In this article, we show that in models where location is endogenous, maximum welfare losses arising from non-optimal locations or from the lack of market coverage may be substantial. In contrast, maximum welfare losses arising from non-optimal quality choices are more modest, but they might...