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A platform for research: civil engineering, architecture and urbanism
The socially optimal and equilibrium locations of two stores or libraries with consumer search
Abstract This paper examines the socially optimal (and also equilibrium) locations of two stores or libraries on a linear market of unit length. If each consumer has probability $$w$$ of finding a desired product at each store, then the socially optimal locations are never completely centralized for full information, but are completely centralized for $$w \le 0.5$$ when costly visit search is necessary. The Nash equilibrium locations of two stores, and various alternative models for the socially optimal locations of two stores, are also examined.
The socially optimal and equilibrium locations of two stores or libraries with consumer search
Abstract This paper examines the socially optimal (and also equilibrium) locations of two stores or libraries on a linear market of unit length. If each consumer has probability $$w$$ of finding a desired product at each store, then the socially optimal locations are never completely centralized for full information, but are completely centralized for $$w \le 0.5$$ when costly visit search is necessary. The Nash equilibrium locations of two stores, and various alternative models for the socially optimal locations of two stores, are also examined.
The socially optimal and equilibrium locations of two stores or libraries with consumer search
Braid, Ralph M. (author)
2014
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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