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...

Hotelling’s famous ‘Principle of Minimum Differentiation’ suggests that two firms engaging in spatial competition will decide to locate at the same place. Interpreting spatial competition as modeling product differentiation, firms will thus offer products that are not differentiated and...

Hotelling's famous ‘Principle of Minimum Differentiation' suggests that two firms engaging in spatial competition will decide to locate at the same place. Interpreting spatial competition as modeling product differentiation, firms will thus offer products that are not differentiated and...

We suggest two alternatives to the Lovász-Shapley value for non-negatively weighted TU games (Casajus and Wiese, 2017. Int. J. Game Theory 46, 295-310), the dual Lovász-Shapley value and the Shapley² value. Whereas the former is based on the Lovász extension operator for TU games (Lovász,...