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...

For a large European data set, we find that in about 21% of all cases, cross-hierarchy pay schedules are inconsistent with tournament theory for managers from the highest echelons. For middle echelons, this number increases to 55%. We study whether social preferences of potential contestants...

This paper extends the interval Hotelling model with quadratic transport costs to the n-player case. For a large set of locations including potential equilibrium configurations, we show for n 2 that firms neither maximize differentiation - as in the duopoly model - nor minimize differentiation...