A Duopoly Location Toolkit: Consumer Densities Which Yield Unique Spatial Duopoly Equilibria
Anderson, Goeree and Ramer (1997) observe that although the Uniform consumer density is almost universally assumed in Hotelling style location games, it is more realistic to assume non-uniform distributions. Using Anderson et al.'s (1997) sufficient conditions for the existence of a unique pure strategy equilibrium, we extend the list of known distributions with characterised equilibria from two (Uniform and Triangular) to seven. Our extension includes the Normal and Logistic distributions...[Show more]
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|Source:||The BE Journal in Theoretical Economics|
|01_Meagher_A_Duopoly_Location_Toolkit:_2008.pdf||290.34 kB||Adobe PDF||Request a copy|
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