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From Local to Global Competition

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Author Info
Anderson, Simon P
de Palma, André

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Abstract

We introduce a framework that has known models of oligopolistic competition with differentiated products (the circle and the constant elasticity of substitution (CES)) as limit cases. This integrative approach incorporates both localized and global competition, as well as price-sensitive individual demands. It is used to consider the qualitative impact of major changes over the last two centuries: reduction in transport costs, increased taste for variety, population growth, and use of technologies with greater returns to scale. We work out the properties of an extended Chamberlinian model that should be useful both in industrial organization and urban economics.

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Publisher Info
Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1328.

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Date of creation: Jan 1996
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Handle: RePEc:cpr:ceprdp:1328

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Related research
Keywords: CES; Global Competition; Localized Competition; Logit; Monopolistic Competition; Product Differentiation;

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Find related papers by JEL classification:
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Milgrom, Paul & Roberts, John, 1990. "Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities," Econometrica, Econometric Society, vol. 58(6), pages 1255-77, November. [Downloadable!] (restricted)
  2. Goldberg, Pinelopi Koujianou, 1995. "Product Differentiation and Oligopoly in International Markets: The Case of the U.S. Automobile Industry," Econometrica, Econometric Society, vol. 63(4), pages 891-951, July. [Downloadable!] (restricted)
  3. Spence, Michael, 1976. "Product Selection, Fixed Costs, and Monopolistic Competition," Review of Economic Studies, Blackwell Publishing, vol. 43(2), pages 217-35, June. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Marco Alderighi, 2006. "Why Should a Firm Choose to Limit the Size of Its Market Area?," ERSA conference papers ersa06p900, European Regional Science Association. [Downloadable!]
  2. Ongena, S. & Degreyse, H.A., 2003. "Distance, lending relationships, and competition," Discussion Paper 123, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  3. Patrick Legros & Konrad Stahl, 2003. "Global vs.Local Competition," DNB Staff Reports (discontinued) 97, Netherlands Central Bank. [Downloadable!]
  4. Yiquan Gu & Tobias Wenzel, 2009. "Product Variety, Price Elasticity of Demand and Fixed Cost in Spatial Models," Ruhr Economic Papers 0092, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen. [Downloadable!]
  5. A. de Palma & O. Sanchez, 1998. "Accessibilité dans un système de transport en environnement concurrentiel," THEMA Working Papers 98-04, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
    Other versions:
  6. Marco Alderighi, 2003. "Niche Markets and Electronic Commerce," CESPRI Working Papers 147, CESPRI, Centre for Research on Innovation and Internationalisation, Universita' Bocconi, Milano, Italy, revised Jul 2003. [Downloadable!]
  7. Marco Alderighi & Claudio A. Piga, 2007. "Why Should a Firm Choose to Limit the Size of its Market Area?," Discussion Paper Series 2007_21, Department of Economics, Loughborough University, revised Aug 2007. [Downloadable!]
    Other versions:
  8. Yiquan Gu & Tobias Wenzel, 2007. "A Note on the Excess Entry Theorem in Spatial Models with Elastic Demand," Ruhr Economic Papers 0033, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen. [Downloadable!]
    Other versions:
  9. Legros, Patrick & Stahl, Konrad O., 2002. "Global versus Local Competition," CEPR Discussion Papers 3333, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  10. Simon Loertscher & Gerd Muehlheusser, 2005. "Global and local players in a model of spatial competition," Diskussionsschriften dp0511, Universitaet Bern, Departement Volkswirtschaft. [Downloadable!]
    Other versions:
  11. Jose Pedro Pontes, 2005. "Input Specificity and Location," Working Papers 2005/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
  12. Paul Madden & Mario Pezzino, 2007. "Oligopoly on a Salop circle with centre," The School of Economics Discussion Paper Series 0707, Economics, The University of Manchester. [Downloadable!]
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