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A high-rise on Main Street: hotelling with mobile consumers

Richardson, Martin


This note considers Hotelling’s (1929) model of locational choices by two firms and subsequent price competition in a setting where atomistic consumers locate first. It is shown that any equilibrium in pure strategies involves either one or two mass points with all surplus captured either by the consumers or by firms, respectively.

CollectionsANU Research Publications
Date published: 2004
Type: Working/Technical Paper


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