Similarity: Models of Similarity

Li Way Lee () and Aaron Keathley ()
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Li Way Lee: Wayne State University
Aaron Keathley: Wayne State University

Chapter Chapter 10 in 45 Conversations About Behavioral Economics, 2022, pp 39-42 from Springer

Abstract: Abstract Two ice-cream stores are lookingsimilarity to establish themselves in a new town. They have the same ice-cream, and they have agreed to charge the same price and provide the same services. They are free to compete only in location. Consumers live in houses distributed uniformly in town. Where are the two stores going to be? Consider this in any of the following three scenarios: (a) The town is a finite line, (b) The town is a circle, (c) The town is a disc.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-05046-6_10

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DOI: 10.1007/978-3-031-05046-6_10

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