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This article focuses on the location decision of firms when competing in a spatial Cournot duopoly. Our original contribution is that firms are dependent on a natural resource input, which is assumed to be located in one of the extremes of the market, to be able to produce the output sought by...
Persistent link: https://www.econbiz.de/10011517117
We generalize Hotelling’s model of spatial competition with more than two firms in a two-dimensional space. Firms …
Persistent link: https://www.econbiz.de/10014035546
According to Duranton (2008), the main focus of spatial economics is the location choice of the economic agents. In order to explain the location and the agglomeration of agents in certain locations, one must relax the core assumptions of the neoclassic competitive framework. According to Fujita...
Persistent link: https://www.econbiz.de/10011530192
Hotellings berühmtes "Prinzip der minimalen Differenzierung" behauptet, dass zwei Firmen, die sich miteinander in räumlichem Wettbewerb befinden, dieselbe Position wählen. Wenn man räumlichen Wettbewerb als Modellierung von Produktdifferenzierung versteht, bedeutet dieses, dass die Firmen...
Persistent link: https://www.econbiz.de/10010221891
Persistent link: https://www.econbiz.de/10010249087
Hotelling’s famous ‘Principle of Minimum Differentiation’ suggests that two firms engaging in spatial competition will …) Hotelling’s model by introducing sequential consumer purchases and a second dimension of variation of the goods, quality …
Persistent link: https://www.econbiz.de/10010211336
Persistent link: https://www.econbiz.de/10014281084
We develop a product-differentiated model where the product space is a network defined as a set of varieties (nodes) linked by their degrees of substitutability (edges). We also locate consumers into this network, so that the location of each consumer (node) corresponds to her "ideal" variety....
Persistent link: https://www.econbiz.de/10011548095
This paper dispels some suspicion on the validity of Hotelling's "Stability in Competition" conclusion. Sellers do move …
Persistent link: https://www.econbiz.de/10014181468
In this paper the standard Hotelling model with quadratic transport costs is extended to the multi-firm case. The …
Persistent link: https://www.econbiz.de/10009613612