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with the results of the private duopoly, in order to determine the effects of privatization. We find that, save in cases … of the product and the prices are lower; and the social welfare is higher than in the private duopoly. Privatization of …
Persistent link: https://www.econbiz.de/10009642534
This article depicts a location game in a circular market. The equivalence results between a convex and a concave transport cost are reexamined by assuming an arbitrary length. In contrast to previous research the solution found shows that the equivalence relationship depends on the space...
Persistent link: https://www.econbiz.de/10011281957
We estimate the cost of transporting corn and the resulting degree of spatial differentiation among downstream firms that buy corn from upstream farmers and examine whether such differentiation softens competition enabling buyers to exert market power (defined as the ability to pay a price for...
Persistent link: https://www.econbiz.de/10012162628
The paper models duopolistic competition in so called monotowns: towns with one big factory where most of the citizens are employed. Workers after job go to one of the competitor shops, buy the product and bring it home. Nash equilibrium is found for linear and two-dimensional cases. The...
Persistent link: https://www.econbiz.de/10012002089
This article presents a novel method of market delineation, which generates virtually isolated residential clusters using data on the spatial distribution of population. The performance of this approach is evaluated by contrasting it with traditional delineation techniques based on municipal...
Persistent link: https://www.econbiz.de/10012114619
This paper develops a two-dimensional spatial framework to explore the firms' optimal locations and optimal attributes of basic products under linear transportation costs, in which firms have the technique of flexible manufacturing and engage in spatially discriminatory pricing. We can observe...
Persistent link: https://www.econbiz.de/10011503494
The spatial distribution of production is a defining characteristic of agriculture, and the location choice in geographic space and the spatial pricing policies adopted by agricultural processing/packing firms are key determinants of the competitiveness and efficiency of agricultural product...
Persistent link: https://www.econbiz.de/10014000362
Agricultural economists have a long history of emphasizing and analyzing the spatial dimension of agricultural and food markets. Despite a rich body of literature and important contributions to agricultural and spatial economics, one aspect is frequently disregarded: the oligopsonistic nature of...
Persistent link: https://www.econbiz.de/10014496477
In this paper the standard Hotelling model with quadratic transport costs is extended to the multi-firm case. The sequential game consists of a location choice stage and a price setting stage. Considering locational equilibria it is shown that neither holds the Principle of Maximum...
Persistent link: https://www.econbiz.de/10010333061
The paper models duopolistic competition in so called monotowns: towns with one big factory where most of the citizens are employed. Workers after job go to one of the competitor shops, buy the product and bring it home. Nash equilibrium is found for linear and two-dimensional cases. The...
Persistent link: https://www.econbiz.de/10012063490