Digitale Medien
Oxford, UK
:
Blackwell Publishing Ltd
Journal of regional science
32 (1992), S. 0
ISSN:
1467-9787
Quelle:
Blackwell Publishing Journal Backfiles 1879-2005
Thema:
Geographie
,
Wirtschaftswissenschaften
Notizen:
. We determine the location equilibria in a duopoly model under a novel solution concept. Typically, spatial equilibrium is described as either a simultaneous price and location game, or else as a two-stage location-then-price game. We introduce a new alternative, a two-stage price-then-location game. It is well known that no (pure strategy) equilibrium usually exists under the two standard solution concepts when products are homogeneous. We show this is also true for the new concept. We then provide numerical results for a specific functional form (the logit model) which introduces product heterogeneity into the standard framework, restoring equilibrium when the degree of substitutability between products is not too small.
Materialart:
Digitale Medien
URL:
http://dx.doi.org/10.1111/j.1467-9787.1992.tb00188.x
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