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The principle of minimum differentiation revisited : return of the median voter

Hanaki, Nobuyuki; Tanimura, Emily; Vriend, Nicolaas J. - 2016

We study a linear location model (Hotelling, 1929) in which n (with n = 2) boundedly rational players follow (noisy) myopic best-reply behavior. We show through numerical and mathematical analysis that such players spend almost all the time clustered together near the center, re-establishing the...

Persistent link: https://www.econbiz.de/10011447055

Uncertainty in Spatial Duopoly with Possibly Asymmetric Distributions : A State Space Approach

Meagher, Kieron J. - 2008

In spatial competition iuml;B01rms are likely to be uncertain about consumer locations when launching products either because of shifting demographics or of asymmetric information about preferences. Realistically distributions of consumer locations should be allowed to vary over states and need...

Persistent link: https://www.econbiz.de/10012724699

Uncertain Spatial Demand and Price Flexibility : A State Space Approach to Duopoly

Meagher, Kieron J. - 2011

In spatial competition firms are likely to be uncertain about demand when launching products either because of shifting demographics or of asymmetric information about preferences. This paper considers two types of prices: those set on prior information and flexible prices which adjust across...

Persistent link: https://www.econbiz.de/10013128129

Nash Q-Learning Agents in Hotelling’s Model : Reestablishing Equilibrium

Vainer, Jan - 2020

This paper examines the behavior of adaptive agents in a stochastic dynamic version of the Hotelling's location model. We conduct an innovative agent-based simulation under the Hotelling's setting with two agents who use the Nash Q-learning mechanism for adaptation. This allows us to explore...

Persistent link: https://www.econbiz.de/10012850687

The Effect of Vertical Knowledge Spillovers Via the Supply Chain on Location Decision of Firms

Kashefi, Mohammad Ali - 2012

In this paper a game theoretic model is employed to analyze the relationship between strategic location decision of firms in the supply chain considering the role of horizontal and vertical knowledge spillovers, and numerical approach is applied to characterize the equilibria of the considered...

Persistent link: https://www.econbiz.de/10013107878

Optimal Product Variety in a Hotelling Model

Meagher, Kieron J. - 2011

In Hotelling style duopoly location games the product variety (or firm locations) is typically not socially optimal. This occurs because the competitive outcome is driven by the density of consumers at the margin while the socially optimal outcome depends on the whole distribution of consumer...

Persistent link: https://www.econbiz.de/10014043296

Location decisions in a changing labour market environment

Frank, Björn - 2003

We study the location of various film-related services (such as camera rental, casting agencies or pyrotechnic services), the main determinant of interest being the human capital specificity. We show that firms which supply services with a lower firm specificity locate farther away from one...

Persistent link: https://www.econbiz.de/10011439248

Intermediate Input Sharing in the Hospital Service Industry

Li, Jing - 2015

first question examines the existence of agglomeration economies in the hospital service industry. The second considers … that agglomeration economies exist in the hospital service industry and are generated in part through the sharing of … “Chinitz” effect identified elsewhere in the literature. Third, the agglomeration effect attenuates geographically …

Persistent link: https://www.econbiz.de/10014035579

Economies of scope in intermediate goods and a system of cities

Abdel-Rahman, Hesham M. - In: Regional science & urban economics 24 (1994) 4, pp. 497-524

Persistent link: https://www.econbiz.de/10001167464

Intermediate input sharing in the hospital service industry

Li, Jing - In: Regional science & urban economics 43 (2013) 6, pp. 888-902

Persistent link: https://www.econbiz.de/10010238024