ALBERT — All Library Books, journals and Electronic Records Telegrafenberg

Hits per page

hit 1 - 1 | 1 hit

Select All Export

Electronic Resource

THE SCOPE FOR PURE PROFITS IN A STANDARD LOCATION MODEL (1994)

Damania, Dick

Oxford, UK : Blackwell Publishing Ltd

Journal of regional science 34 (1994), S. 0

add to mindlist on the mindlist

Details

ISSN: 1467-9787

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Geography , Economics

Notes: . This paper examines the possibility of sustaining a collusive equilibrium in a standard location model. Drawing on recent developments in game theory, it is suggested that collusion is only feasible if market areas lie within a certain range. When market areas are large the threat of entry is likely to undermine any collusive agreement. In contrast when market areas are small, defection from the cartel is shown to be profitable. Thus collusion is shown to be feasible only when market areas and demand lie within certain bounds. More generally, this result appears to be consistent with the somewhat ambiguous empirical evidence which suggests that competitive pricing behavior is likely to prevail in periods of excessively high demand and during recessions.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1467-9787.1994.tb00853.x

	Location	Call Number	Expected	Availability

Others were also interested in ...

Paper (German National Licenses)

Fulltext

hit 1 - 1 | 1 hit