the conditions under which full market coverage is efficient and desirable. We analyze subgame perfect equilibria of a …

the conditions under which full market coverage is efficient and desirable. We analyze subgame perfect equilibria of a …

; the relevance is for a low willingness to pay, where it ensures the full market coverage (as a result of the standard … welfare maximization); finally, if the willingness to pay is very low, the public firm ensures a higher, but not full, market … coverage with respect to the pure private case. Finally, we find that, for a low willingness to pay, the presence of the public …

; the relevance is for a low willingness to pay, where it ensures the full market coverage (as a result of the standard … welfare maximization); finally, if the willingness to pay is very low, the public firm ensures a higher, but not full, market … coverage with respect to the pure private case. Finally, we find that, for a low willingness to pay, the presence of the public …

the prerequisites of homogeneous product and full market coverage, are the followings. (1) Central market agglomeration is … guaranteed under traditional "full market coverage" assumption, since the implicit demand size behind the assumption is so large …, which tends to separate firms into different location. (2) Under the revised full-market-coverage, we prove that to reach …