Matsumura, Toshihiro; Shimizu, Daisuke - In: Papers in Regional Science 85 (2006) 4, pp. 585-598
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...