Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/47093 
Authors: 
Year of Publication: 
1993
Citation: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1993
Series/Report no.: 
Kiel Working Paper No. 609
Publisher: 
Kiel Institute of World Economics (IfW), Kiel
Abstract: 
The paper presents an analysis of spatial competition between two firms in a circular market. It is shown that the existence problem of a Bertrand-Nash- Equilibrium exists for the circular market in the same way as for the linear and bounded market. This is demonstrated by directly studying the reaction functions of the competing producers and without referring to merely technical fixed point arguments. The existence problem is solved by adding a move structure to the game, regarding market entry as sequential and taking place in historical time.
Document Type: 
Working Paper
Document Version: 
Digitized Version

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