Hotelling was one of the first to introduce the principle of spatial competition (1929) by investigating how sellers would choose locations along a linear market.

Hotelling's law is an observation in economics that in many markets it is rational for producers to make their products as similar as possible. This is also referred to as the principle of minimum differentiation as well as Hotelling's linear city model.

Jul 16, 2024 · Motivated by this, we study the price competition among sellers in linear Fisher markets. From an algorithmic game-theoretic perspective, we establish a model to analyze behaviors of buyers and sellers that are driven by utility-maximizing purposes and also constrained by computational tractability.

Jun 28, 2024 · The model simplifies the complexities of market competition by reducing the spatial element to a single dimension—a line along which consumers are uniformly distributed. This abstraction allows for a clearer analysis of the strategic …

Motivated by this, we study the price competition among sellers in linear Fisher markets. From an algorithmic game-theoretic perspective, we establish a model to analyze behaviors of buyers and sellers that are driven by utility-maximizing purposes …

y this, we study the price competition among sellers in linear Fisher markets. From an algorithmic game-theoretic perspective, we establish a model to analyze behaviors of buyers and sellers that are driven by .

Jan 14, 2021 · The simulation results above have been developed for the case of a linear market. Let us assume that the spatial competition takes place on a square with 10 cells in each direction and that the first seller is placed in cell (1,1).

Jul 29, 2024 · In this paper, we revisit the uniqueness and also examine the stability of the central agglomeration result for the symmetrical n -firm spatial Cournot oligopoly on the linear unit market with linear demand and transport cost.

Feb 21, 2022 · On a linear market, there are broad classes of probability vectors for which equilibria do not exist, while for others agglomerative, non-convergent equilbria can be constructed (Cahan and Slinko 2017, 2018; Cahan et al. 2018).

Jul 12, 2022 · Learn about the market structure and the four types of market competitions. Read about their characteristics and go over an example for each.