Equilibria for circular spatial Cournot markets

Daisuke Shimizu () and Toshihiro Matsumura
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Daisuke Shimizu: Graduate School of Economics, University of Tokyo

Economics Bulletin, 2003, vol. 18, issue 1, 1-9

Abstract: This paper investigates a location-quantity model in a circular city. Pal (1998) investigates a duopoly model and finds that an equidistant location pattern appears in equilibrium. Matsushima (2001a) investigates an n-firm oligopoly model and shows that, if the number of firms is even, another equilibrium exists where half of the firms agglomerate at one point and the other firms agglomerate at the opposite point. We find that there exist many other equilibrium patterns that include the above two patterns as special cases.

Keywords: circular; city (search for similar items in EconPapers)
JEL-codes: L1 R3 (search for similar items in EconPapers)
Date: 2003-08-07
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Citations: View citations in EconPapers (11)

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