We develop a model of spatial competition with two heterogeneous in their market access chains, choosing between third …

between farmland rental and sales markets. In this note we propose a model for price formation in both markets under a spatial … competition framework. We demonstrate that price formation differs, particularly under policy-induced output price shocks. We …

This study provides a test for measurement of spatial competition in residential real estate markets. Several … alternative spatial competition measures are tested. We employ a Bertrand oligopoly model with differentiated products and adopt a …