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Persistent link: https://www.econbiz.de/10005391295
This article reconsiders the Hotelling duopoly model of 1929, but under elastic demand, more precisely a linear demand function. The equilibrium state for identical firms is fully described, and the intervals of different regimes: independent monopolies, genuine duopoly competition, and price...
Persistent link: https://www.econbiz.de/10005615838