Duopoly in Space
Hotelling's 1929 article concerning the behavior of duopolists in a spatial setting has had a lasting influence in economics and political science. With a simple model, he was able to elucide why "our cities become uneconomically large and business districts within them too concentrated"; and why "Methodist and Presbyterian churches are too much alike;cider is too homogenous." In this paper, we develop the constant non-zero elasticity of demand case which Hotelling referred to.
|Date of creation:||Aug 1970|
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- Paul A. Samuelson, 2011.
"The Collected Scientific Papers of Paul Samuelson,"
MIT Press Books,
The MIT Press,
edition 1, volume 6, number 0262015404 edited by Janice Murray.
- J. W. Friedman, 1968. "Reaction Functions and the Theory of Duopoly," Review of Economic Studies, Oxford University Press, vol. 35(3), pages 257-272.
- R. M. Cyert & M. H. DeGroot, 1970. "Multiperiod Decision Models with Alternating Choice as a Solution to the Duopoly Problem," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 410-429.
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