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We apply a spatial model that includes both circular-city and linear-city models as special cases to the analysis of location-quantity model in mixed oligopoly. We find that the equilibrium pattern continuously moves from that of the circular-city to that of the linear-city and that the...
Persistent link: https://www.econbiz.de/10008563045
We consider a two-stage location-price Hotelling model where the consumers can only buy from one direction, as presented by Kharbach (2009, Economics Bulletin). We show that the equilibrium outcome derived by Kharbach does not constitute a subgame perfect Nash equilibrium.
Persistent link: https://www.econbiz.de/10011278615