A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Spatial Cournot competition and transportation costs in a circular city
Abstract We reconsider a Cournot spatial competition in a circular city. We discuss an oligopoly model. We find that two equilibria exist if the transport cost function is nonlinear in distance, while a continuum of equilibria exists if it is linear. Thus, the result of the real indeterminacy of equilibria in the linear transport cost case is knife edge.
Spatial Cournot competition and transportation costs in a circular city
Abstract We reconsider a Cournot spatial competition in a circular city. We discuss an oligopoly model. We find that two equilibria exist if the transport cost function is nonlinear in distance, while a continuum of equilibria exists if it is linear. Thus, the result of the real indeterminacy of equilibria in the linear transport cost case is knife edge.
Spatial Cournot competition and transportation costs in a circular city
Matsumura, Toshihiro (author) / Matsushima, Noriaki (author)
2010
Article (Journal)
English
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