We solve a mixed spatial duopoly with a generic log-concave consumers’ distribution. We show that the sub-game perfect equilibrium in prices and locations exists and is generally inefficient, so that the efficiency in the standard uniform distribution case stands out as an exception. Notable examples show that the inefficiency may increase as the distribution becomes more concentrated.
Data di pubblicazione: | 2017 | |
Titolo: | Mixed spatial duopoly, consumers’ distribution and efficiency | |
Autori: | Benassi, Corrado; Chirco, Alessandra; Colombo, Caterina | |
Rivista: | ECONOMICS LETTERS | |
Keywords: | Mixed duopoly, Spatial competition;,Consumers’ distribution, Efficiency of equilibrium | |
Abstract in inglese: | We solve a mixed spatial duopoly with a generic log-concave consumers’ distribution. We show that the sub-game perfect equilibrium in prices and locations exists and is generally inefficient, so that the efficiency in the standard uniform distribution case stands out as an exception. Notable examples show that the inefficiency may increase as the distribution becomes more concentrated. | |
Digital Object Identifier (DOI): | 10.1016/j.econlet.2017.04.017 | |
Handle: | http://hdl.handle.net/11392/2369695 | |
Appare nelle tipologie: | 03.1 Articolo su rivista |
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