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Type: Journal article
Title: Sequential location games
Author: Loertscher, S.
Muehlheusser, G.
Citation: RAND Journal of Economics, 2011; 42(4):639-663
Publisher: Wiley
Issue Date: 2011
ISSN: 0741-6261
Statement of
Simon Loertscher, Gerd Muehlheusser
Abstract: We study location games where market entry is costly and occurs sequentially, and where consumers are nonuniformly distributed over the unit interval. We show that for certain classes of densities, including monotone and - under some additional restrictions - hump-shaped and U-shaped ones, equilibrium locations can be determined independently of when they are occupied. Our analysis reveals a number of peculiarities of the uniform distribution. Extensions of the model allow for price competition and advertisement in media markets, winner-take-all competition, trade-offs between profits in the short and the long run, and firms operating multiple outlets.
Rights: Copyright © 2011, RAND.
DOI: 10.1111/j.1756-2171.2011.00148.x
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Appears in Collections:Aurora harvest 3
Economics publications

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