Models of spatial competition

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Publication Details

Subtitle: A critical review
Author list: Biscaia, R., & Mota, I.
Publisher: Wiley: 24 months / Springer Verlag (Germany)
Publication year: 2013
Volume number: 92
Issue number: 4
Start page: 851
End page: 871
Number of pages: 21
ISSN: 1056-8190
Languages: English-Great Britain (EN-GB)


Abstract

This critical review focuses on the development of spatial competition
models à la Hotelling in which the location choice of firms plays a
major role. We start by quantifying the research in this field by using
bibliometric tools. Thereafter, this study identifies the main research
paths within spatial competition modelling. Specifically, the type of
strategy (Bertrand vs. Cournot competition), the assumptions that are
made in respect to the market (linear vs. circular), production costs,
transportation costs, the number of firms and the type of information
(complete vs. incomplete) and their effects on the location equilibria
are also discussed. © 2012 RSAI.


Keywords

Competition, Economics, Game theory, Market system, Numerical model, Relocation, Research


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Last updated on 2019-13-08 at 00:45