Two-Player Location-Price Game in a Spoke Market with Linear Transportation Cost

Xiaofeng Chen, Qiankun Song and Ailong Wu

Discrete Dynamics in Nature and Society, 2021, vol. 2021, 1-5

Abstract: This paper investigates the location game of two players in a spoke market with linear transportation cost. A spoke market model has been proposed, which is inspired by the Hotelling model and develops two-player games in price competition. Using two-stage (position and price) patterns and the backward guidance method, the existence of price and location equilibrium results for the position games is proved.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:9971103

DOI: 10.1155/2021/9971103

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