Search costs decrease prices in a model of spatial competition
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Gu, Yiquan & Wenzel, Tobias, 2009.
"A note on the excess entry theorem in spatial models with elastic demand,"
International Journal of Industrial Organization, Elsevier, vol. 27(5), pages 567-571, September.
- Gu, Yiquan & Wenzel, Tobias, 2007. "A Note on the Excess Entry Theorem in Spatial Models with Elastic Demand," Ruhr Economic Papers 33, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Lambertini, Luca, 1997. "Unicity of the equilibrium in the unconstrained Hotelling model," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 785-798, November.
- Egger, Hartmut & Egger, Peter, 2010.
"The trade and welfare effects of mergers in space,"
Regional Science and Urban Economics, Elsevier, vol. 40(4), pages 210-220, July.
- Hartmut Egger & Peter Egger, 2008. "The Trade and Welfare Effects of Mergers in Space," CESifo Working Paper Series 2217, CESifo.
- Simon P. Anderson & Regis Renault, 1999.
"Pricing, Product Diversity, and Search Costs: A Bertrand-Chamberlin-Diamond Model,"
RAND Journal of Economics, The RAND Corporation, vol. 30(4), pages 719-735, Winter.
- Anderson, S.P. & Renault, R., 1997. "Pricing, Product Diversity and Search Costs: A Bertrand-Chamberlin-Diamond Model," Papers 97.481, Toulouse - GREMAQ.
- Simon P. Anderson & Regis Renault, 1999. "Pricing, product diversity, and search costs: a Bertrand-Chamberlin-Diamond model," Virginia Economics Online Papers 335, University of Virginia, Department of Economics.
- Ralph M. Braid, 2011. "Bertrand‐Nash mill pricing and the locations of two firms with partially overlapping product selections," Papers in Regional Science, Wiley Blackwell, vol. 90(1), pages 197-211, March.
- Osborne, Martin J & Pitchik, Carolyn, 1987.
"Equilibrium in Hotelling's Model of Spatial Competition,"
Econometrica, Econometric Society, vol. 55(4), pages 911-922, July.
- Martin J Osborne & Carolyn Pitchik, 1985. "Equilibrium in Hotelling's Model of Spatial Competition," Department of Economics Working Papers 1985-02, McMaster University.
- Steven C. Salop, 1979. "Monopolistic Competition with Outside Goods," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 141-156, Spring.
- Brito, Duarte, 2003. "Preemptive mergers under spatial competition," International Journal of Industrial Organization, Elsevier, vol. 21(10), pages 1601-1622, December.
- Joaquín Andaluz, 2009.
"Vertical product differentiation with subcontracting,"
Papers in Regional Science, Wiley Blackwell, vol. 88(4), pages 785-798, November.
- Joaqu�n Andaluz, 2008. "Vertical product differentiation with subcontracting," Documentos de Trabajo dt2008-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
- Gabszewicz, Jean J. & Garella, Paolo, 1986.
"Subjective price search and price competition,"
International Journal of Industrial Organization, Elsevier, vol. 4(3), pages 305-316, September.
- Gabszewicz, J.J. & Garella, P., 1985. "Subjective price search and price competition," LIDAM Discussion Papers CORE 1985009, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Tabuchi, Takatoshi & Thisse, Jacques-Francois, 1995.
"Asymmetric equilibria in spatial competition,"
International Journal of Industrial Organization, Elsevier, vol. 13(2), pages 213-227.
- Tabuchi, T. & Thisse, J.-F., 1995. "Asymetric equilibria in spatial competition," LIDAM Reprints CORE 1151, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Economides, Nicholas, 1986. "Minimal and maximal product differentiation in Hotelling's duopoly," Economics Letters, Elsevier, vol. 21(1), pages 67-71.
- Osborne, Martin J. & Pitchik, Carolyn, 1986.
"Price competition in a capacity-constrained duopoly,"
Journal of Economic Theory, Elsevier, vol. 38(2), pages 238-260, April.
- Osborne, Martin J. & Pitchik, Carolyn, 1983. "Price Competition in a Capacity-Constrained Duopoly," Working Papers 83-08, C.V. Starr Center for Applied Economics, New York University.
- Gabsewicz, Jean J. & Garella, Paolo G., 1987.
"Price search and spatial competition,"
European Economic Review, Elsevier, vol. 31(4), pages 827-842, June.
- GABSZEWICZ, Jean J. & GARELLA, Paolo G., 1987. "Price search and spatial competition," LIDAM Reprints CORE 752, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Unknown, 1986. "Letters," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 1(4), pages 1-9.
- Braid, Ralph M., 1998. "Spatial price competition when stores are not certain to have what consumers want," Regional Science and Urban Economics, Elsevier, vol. 28(2), pages 143-161, March.
- Capozza, Dennis R & Van Order, Robert, 1977. "Pricing under Spatial Competition and Spatial Monopoly," Econometrica, Econometric Society, vol. 45(6), pages 1329-1338, September.
- Vickrey, William S. & Anderson, Simon P. & Braid, Ralph M., 1999. "Spatial competition, monopolistic competition, and optimum product diversity," International Journal of Industrial Organization, Elsevier, vol. 17(7), pages 953-963, October.
- Capozza, Dennis R & Van Order, Robert, 1980. "Unique Equilibria, Pure Profits, and Efficiency in Location Models," American Economic Review, American Economic Association, vol. 70(5), pages 1046-1053, December.
- Braid, Ralph M., 2003. "Spatial price competition between large and small stores with stockouts or limited product selections," Economics Letters, Elsevier, vol. 81(2), pages 257-262, November.
- Economides, Nicholas, 1989. "Symmetric equilibrium existence and optimality in differentiated product markets," Journal of Economic Theory, Elsevier, vol. 47(1), pages 178-194, February.
- Hamid Hamoudi & Marcos Sanz Martín‐Bustamante, 2011. "Revisiting price equilibrium existence in the linear‐city model of spatial competition," Papers in Regional Science, Wiley Blackwell, vol. 90(1), pages 179-196, March.
- Raymond Deneckere & Carl Davidson, 1985. "Incentives to Form Coalitions with Bertrand Competition," RAND Journal of Economics, The RAND Corporation, vol. 16(4), pages 473-486, Winter.
- B. Curtis Eaton & Myrna Holtz Wooders, 1985. "Sophisticated Entry in a Model of Spatial Competition," RAND Journal of Economics, The RAND Corporation, vol. 16(2), pages 282-297, Summer.
- Steffen Brenner, 2005. "Hotelling Games with Three, Four, and More Players," Journal of Regional Science, Wiley Blackwell, vol. 45(4), pages 851-864, November.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ralph Braid, 2014. "The socially optimal and equilibrium locations of two stores or libraries with consumer search," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 53(1), pages 123-136, August.
- Yiquan Gu & Alexander Rasch & Tobias Wenzel, 2016.
"Price-sensitive demand and market entry,"
Papers in Regional Science, Wiley Blackwell, vol. 95(4), pages 865-875, November.
- Gu, Yiquan & Rasch, Alexander & Wenzel, Tobias, 2014. "Price-sensitive demand and market entry," DICE Discussion Papers 165, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ralph Braid, 2013. "The locations of firms on intersecting roadways," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 50(3), pages 791-808, June.
- Ralph M. Braid, 2016. "Potential merger-forcing entry reduces maximum spacing between firms in spatial competition," Papers in Regional Science, Wiley Blackwell, vol. 95(3), pages 653-669, August.
- Ralph M. Braid, 2017. "Efficiency-enhancing horizontal mergers in spatial competition," Papers in Regional Science, Wiley Blackwell, vol. 96(4), pages 881-894, November.
- Braid, Ralph M., 2003. "Spatial price competition between large and small stores with stockouts or limited product selections," Economics Letters, Elsevier, vol. 81(2), pages 257-262, November.
- Braid, Ralph M., 1998. "Spatial price competition when stores are not certain to have what consumers want," Regional Science and Urban Economics, Elsevier, vol. 28(2), pages 143-161, March.
- Iskakov, M. & Iskakov, A., 2012. "Complete Solution of the Hotelling Problem: Equilibrium in Secure Strategies for the Price Subgame," Journal of the New Economic Association, New Economic Association, vol. 13(1), pages 10-33.
- Vermeulen, Ben & La Poutré, Han & de Kok, Ton, 2012. "Dynamics and equilibria under incremental horizontal differentiation on the Salop circle," MPRA Paper 51449, University Library of Munich, Germany.
- Ralph Braid, 2014. "The socially optimal and equilibrium locations of two stores or libraries with consumer search," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 53(1), pages 123-136, August.
- Auer, Raphael A. & Sauré, Philip, 2017.
"Dynamic entry in vertically differentiated markets,"
Journal of Economic Theory, Elsevier, vol. 167(C), pages 177-205.
- Auer, Raphael & Sauré, Philip, 2014. "Dynamic Entry in Vertically Differentiated Markets," CEPR Discussion Papers 10027, C.E.P.R. Discussion Papers.
- Raphael A. Auer & Philip Sauré, 2016. "Dynamic Entry in Vertically Differentiated Markets," CESifo Working Paper Series 6130, CESifo.
- Lambertini, Luca, 2002.
"Equilibrium locations in a spatial model with sequential entry in real time,"
Regional Science and Urban Economics, Elsevier, vol. 32(1), pages 47-58, January.
- L. Lambertini, 1998. "Equilibrium Locations in A Spatial Model With Sequential Entry in Real Time," Working Papers 326, Dipartimento Scienze Economiche, Universita' di Bologna.
- Braid, Ralph M., 2004. "Uneven spacing in free-entry equilibrium for spatial product differentiation," Economics Letters, Elsevier, vol. 84(2), pages 155-161, August.
- Belleflamme,Paul & Peitz,Martin, 2015.
"Industrial Organization,"
Cambridge Books,
Cambridge University Press, number 9781107687899, September.
- Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107069978, October.
- Fleckinger, Pierre & Lafay, Thierry, 2010.
"Product flexibility and price competition in Hotelling's duopoly,"
Mathematical Social Sciences, Elsevier, vol. 60(1), pages 61-68, July.
- Pierre Fleckinger & Thierry Lafay, 2010. "Product flexibility and price competition in Hotelling's duopoly," Post-Print hal-00641873, HAL.
- Pierre Fleckinger & Thierry Lafay, 2010. "Product flexibility and price competition in Hotelling's duopoly," PSE-Ecole d'économie de Paris (Postprint) hal-00641873, HAL.
- Pierre Fleckinger & Thierry Lafay, 2010. "Product flexibility and price competition in Hotelling's duopoly," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00641873, HAL.
- Heski Bar-Isaac & Guillermo Caruana & Vicente Cuñat, 2023.
"Targeted Product Design,"
American Economic Journal: Microeconomics, American Economic Association, vol. 15(2), pages 157-186, May.
- Bar-Isaac, Heski & Caruana, Guillermo & Cuñat, Vicente, 2021. "Targeted product design," CEPR Discussion Papers 15708, C.E.P.R. Discussion Papers.
- Bar-Isaac, Heski & Caruana, Guillermo & Cuñat, Vicente, 2023. "Targeted product design," LSE Research Online Documents on Economics 113517, London School of Economics and Political Science, LSE Library.
- Braid, Ralph M., 1999. "The price and profit effects of horizontal mergers in two-dimensional spatial competition," Economics Letters, Elsevier, vol. 62(1), pages 113-119, January.
- Bertuzzi, Giorgia & Lambertini, Luca, 2010. "Existence of equilibrium in a differential game of spatial competition with advertising," Regional Science and Urban Economics, Elsevier, vol. 40(2-3), pages 155-160, May.
- Hinloopen, Jeroen & Martin, Stephen, 2017.
"Costly location in Hotelling duopoly,"
Research in Economics, Elsevier, vol. 71(1), pages 118-128.
- Jeroen Hinloopen & Stephen Martin, 2013. "Costly Location in Hotelling Duopoly," Tinbergen Institute Discussion Papers 13-101/VII, Tinbergen Institute.
- Stefano Colombo & Arijit Mukherjee, 2023. "Location of Firms and Outsourcing," Games, MDPI, vol. 14(6), pages 1-20, October.
- Anderson, Simon P. & Gabszewicz, Jean J., 2006.
"The Media and Advertising: A Tale of Two-Sided Markets,"
Handbook of the Economics of Art and Culture, in: V.A. Ginsburgh & D. Throsby (ed.), Handbook of the Economics of Art and Culture, edition 1, volume 1, chapter 18, pages 567-614,
Elsevier.
- ANDERSON, Simon P. & GABSZEWICZ, Jean J., 2005. "The media and advertising : a tale of two-sided markets," LIDAM Discussion Papers CORE 2005088, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- ANDERSON, Simon P. & GABSZEWICZ, Jean J., 2006. "The media and advertising: a tale of two-sidedmarkets," LIDAM Reprints CORE 1888, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Simon P., ANDERSON & Jean J., GABSZEWICZ, 2005. "The media and advertising : a table of two-sided markets," Discussion Papers (ECON - Département des Sciences Economiques) 2005060, Université catholique de Louvain, Département des Sciences Economiques.
- Gabszewicz, Jean Jaskold & Anderson, Simon, 2005. "The Media and Advertising: A Tale of Two-Sided Markets," CEPR Discussion Papers 5223, C.E.P.R. Discussion Papers.
- Borla, Stefania, 2012. "Spatial competition and merging incentives when firms produce complements," Regional Science and Urban Economics, Elsevier, vol. 42(1-2), pages 221-229.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:presci:v:93:y:2014:i:1:p:125-139. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1056-8190 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.