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http://hdl.handle.net/10419/55139
  

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dc.contributor.authorGu, Yiquanen_US
dc.contributor.authorWenzel, Tobiasen_US
dc.date.accessioned2012-02-06en_US
dc.date.accessioned2012-02-07T14:05:18Z-
dc.date.available2012-02-07T14:05:18Z-
dc.date.issued2012en_US
dc.identifier.isbn978-3-86304-042-0en_US
dc.identifier.urihttp://hdl.handle.net/10419/55139-
dc.description.abstractThis paper introduces price-dependent individual demand into the circular city model of product differentiation. We show that for any finite number of firms, a unique symmetric price equilibrium exists provided that demand functions are not too convex. As in the case of unit demand, the number of firms under free entry decreases in the fixed cost of entry while increases in the transportation cost of consumers. However, this number is no longer always in excess of the socially optimal level. Insufficient entry occurs when the fixed and transportation costs are high.en_US
dc.language.isoengen_US
dc.publisherDICE Düsseldorfen_US
dc.relation.ispartofseriesDICE discussion paper 43en_US
dc.subject.jelL11en_US
dc.subject.jelL13en_US
dc.subject.jelR1en_US
dc.subject.ddc330en_US
dc.subject.keywordspatial modelsen_US
dc.subject.keywordprice-dependent demanden_US
dc.subject.keywordhorizontal product differentiationen_US
dc.subject.keyworddemand elasticityen_US
dc.subject.keywordexcess entry theoremen_US
dc.titlePrice-dependent demand in spatial modelsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn684775085en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:dicedp:43-
Appears in Collections:DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE)

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