Equilibria in unidirectional spatial models

C-Tier
Journal: Economics Letters
Year: 2013
Volume: 119
Issue: 2
Pages: 146-149

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper (a) characterizes the unique Nash equilibrium of the unidirectional Hotelling–Downs game in which firms maximize their market shares, for any distribution of the consumers, and (b) analyzes equilibrium behavior in the variation of the game in which each firm aims to secure a larger market share than its competitor. In the first case, firms employ identical mixed strategies and each of them serves (in expected terms) a fraction (1/e) of the market and in both cases no firm ever locates in a position to the left of the first quartile of the consumers’ distribution.

Technical Details

RePEc Handle
repec:eee:ecolet:v:119:y:2013:i:2:p:146-149
Journal Field
General
Author Count
1
Added to Database
2026-01-29