Best-response potential for Hotelling pure location games

C-Tier
Journal: Economics Letters
Year: 2017
Volume: 160
Issue: C
Pages: 73-77

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

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

Abstract

We revisit two-person one-dimensional pure location games à la Anderson et al. (1992) and show that they admit continuous best-response potential functions (Voorneveld, 2000) if demand is sufficiently elastic (to the extent that the Principle of Minimum Differentiation fails); if demand is not that elastic (or is completely inelastic) they still admit continuous quasi-potential functions (Schipper, 2004). We also show that, even if a continuous best-response potential function exists, a generalized ordinal potential function (Monderer and Shapley, 1996) need not exist.

Technical Details

RePEc Handle
repec:eee:ecolet:v:160:y:2017:i:c:p:73-77
Journal Field
General
Author Count
3
Added to Database
2026-01-25