On Hotelling's Location Model With a Restricted Reservation Price

X. Wang () and Bill Z. Yang

Australian Economic Papers, 1999, vol. 38, issue 3, 259-275

Abstract: This paper studies Hotelling's location model with a restricted consumer reservation price. It establishes that firms will locate closer to the middle of the market when price competition becomes more intense caused by a low reservation price.

Date: 1999
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