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A platform for research: civil engineering, architecture and urbanism
Location choice under delivered pricing: a reinterpretation
Abstract This article reinterprets, under a common framework, previous results on location choice under delivered pricing. The paper clearly identifies the economic forces which explain why the socially optimal locations are an equilibrium of the location-price game in some models, and why they are not an equilibrium in other models. The paper shows that the rationale behind Hamilton et al. (Reg Sci Urban Econ 19:87–102, 1989) and Gupta’s (Reg Sci Urban Econ 24:265–272, 1994) non-optimality results are very different. While the first result is explained by the social inefficiency of the price game, the second one is due to the existence of a strategic effect.
Location choice under delivered pricing: a reinterpretation
Abstract This article reinterprets, under a common framework, previous results on location choice under delivered pricing. The paper clearly identifies the economic forces which explain why the socially optimal locations are an equilibrium of the location-price game in some models, and why they are not an equilibrium in other models. The paper shows that the rationale behind Hamilton et al. (Reg Sci Urban Econ 19:87–102, 1989) and Gupta’s (Reg Sci Urban Econ 24:265–272, 1994) non-optimality results are very different. While the first result is explained by the social inefficiency of the price game, the second one is due to the existence of a strategic effect.
Location choice under delivered pricing: a reinterpretation
Pires, Cesaltina Pacheco (author)
2008
Article (Journal)
Electronic Resource
English
BKL:
83.64$jRegionalwirtschaft
/
74.12
Stadtgeographie, Siedlungsgeographie
/
38.00$jGeowissenschaften: Allgemeines
/
38.00
Geowissenschaften: Allgemeines
/
83.64
Regionalwirtschaft
/
74.12$jStadtgeographie$jSiedlungsgeographie
RVK:
ELIB39
/
ELIB18
/
ELIB45
Local classification FBW:
oek 4450
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