Instability in the Hotelling’s Non-Price Spatial Competition Model
نویسندگان
چکیده
منابع مشابه
Spatial competition and price formation
We look at price formation in a retail setting, that is, companies set prices, and consumers either accept prices or go someplace else. In contrast to most other models in this context, we use a two-dimensional spatial structure for information transmission, that is, consumers can only learn from nearest neighbors. Many aspects of this can be understood in terms of generalized evolutionary dyna...
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2013
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2013.33a002