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

Kieron Meagher and Klaus Zauner ()

Economics Letters, 2011, vol. 113, issue 1, 26-28

Abstract: 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.

Keywords: Location; Product; differentiation; Uncertainty; Hotelling (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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