Cournot oligopolistic competition in spatially separated markets: The Stackelberg equilibrium
AbstractConsider a two-stage non-cooperative Cournot game with location choice involving r firms. There are n spatially separated markets located at the vertices of a network. Each firm, first selects the location of a facility and then selects the quantities to supply to the markets in order to maximize its profit. Non-zero conjectural variation at the second stage in the model by Sarkar et al. (1997) is studied. When the demand in each market is sufficiently large, equilibrium in the quantities offered by each firm in the markets exists. Furthermore, each firm chooses to locate its facility at the vertices. Copyright Springer-Verlag 2004
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Bibliographic InfoArticle provided by Springer in its journal The Annals of Regional Science.
Volume (Year): 38 (2004)
Issue (Month): 3 (09)
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- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
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- Santiago Carbó Valverde & Miguel Fortes Escalona, 2010. "Spatial Cournot equilibrium: do branches matter?," The Annals of Regional Science, Springer, vol. 44(2), pages 377-407, April.
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