SOME SPATIAL EQUILIBRIA IN FACILITY INVESTMENT UNDER UNCERTAIN DEMAND

John Roy, Börje Johansson and Giorgio Leonardi

Papers in Regional Science, 1985, vol. 56, issue 1, 215-228

Abstract: ABSTRACT This paper describes the spatial distribution of customer demand, supply of customer services and facility investment, as the outcome of a three‐level game‐like interaction between customers (e.g., shoppers), suppliers (e.g., retailers) and developers (e.g., landlords). Treating both the suppliers and developers at each centre as competitors, oligopolistic equilibria of the Nash‐Stackelberg type are developed, and conditions for their existence and uniqueness established. Uncertain customer demand is specified in probabilistic terms, representing the suppliers' perception of expected customer behaviour.

Date: 1985
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https://doi.org/10.1111/j.1435-5597.1985.tb00849.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:56:y:1985:i:1:p:215-228

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