Scalera, Domenico; Zazzaro, Alberto - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2004
We present a solution for a three stage spatial competition model that does not require restrictive assumptions on price expectations. This allows us to generalize the Raith (2003) model to the case where principals behave in a fully strategic fashion both in the price and in the compensation...