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Uncertain spatial demand and price flexibility: A state space approach to duopoly

Meagher, Kieron; Zauner, Klaus

Description

Sufficient conditions for a unique price equilibrium, in terms of the uncertainty distribution and the state contingent consumer distributions, are given for spatial duopoly. Also considered are efficiency and endogenous locations for the symmetric case and comparative statics on price flexibility.

CollectionsANU Research Publications
Date published: 2011
Type: Journal article
URI: http://hdl.handle.net/1885/27461
Source: Economics Letters
DOI: 10.1016/j.econlet.2011.06.003

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