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.

Mixed spatial duopoly, consumers’ distribution and efficiency

COLOMBO, Caterina
2017

Abstract

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.
2017
Benassi, Corrado; Chirco, Alessandra; Colombo, Caterina
File in questo prodotto:
File Dimensione Formato  
hdl11392-2369695 2017. Mixed spatial duopoly, consumers’ distribution and efficiency In ECONOMICS LETTERS.pdf

solo gestori archivio

Descrizione: Full text editoriale
Tipologia: Full text (versione editoriale)
Licenza: NON PUBBLICO - Accesso privato/ristretto
Dimensione 345.29 kB
Formato Adobe PDF
345.29 kB Adobe PDF   Visualizza/Apri   Richiedi una copia
Colombo-2369695 pre-print.pdf

accesso aperto

Descrizione: Pre print
Tipologia: Pre-print
Licenza: PUBBLICO - Pubblico con Copyright
Dimensione 9.33 MB
Formato Adobe PDF
9.33 MB Adobe PDF Visualizza/Apri

I documenti in SFERA sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11392/2369695
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 1
  • ???jsp.display-item.citation.isi??? 1
social impact