In this paper we analyze the relationship between competition and cost reducing investments in the context of a location model. In particular, we derive the symmetric subgame−perfect equilibrium of a three−stage circular city model with closed−loop strategies, and study the effects of changes in competition fundamentals under both a given number of firms and free entry
Cost reducing investments and spatial competition
SCALERA D;
2005-01-01
Abstract
In this paper we analyze the relationship between competition and cost reducing investments in the context of a location model. In particular, we derive the symmetric subgame−perfect equilibrium of a three−stage circular city model with closed−loop strategies, and study the effects of changes in competition fundamentals under both a given number of firms and free entryFile in questo prodotto:
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