MORE ON HOTELLING STABILITY IN COMPETITION

被引：51

作者：

KATS, A

机构：

[1] Department of Economics, Virginia Polytechnic Institute, Blacksburg

来源：

INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION | 1995年 / 13卷 / 01期

关键词：

HOTELLING; PURE STRATEGIES; EQUILIBRIA; CIRCLE;

D O I：

10.1016/0167-7187(94)00445-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

It is well known that Hotelling's model of spatial competition has no location-price equilibrium in pure strategies. The present paper studies that model where the linear space is replaced by a one-dimensional bounded space without a boundary, i.e. a circle. It is shown that the modified model does have a subgame perfect equilibrium in pure strategies and that the 'equal distance' location pattern is an equilibrium.

引用

页码：89 / 93

页数：5

共 7 条

[1] THE EXISTENCE OF EQUILIBRIUM IN DISCONTINUOUS ECONOMIC GAMES .1. THEORY [J].