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Author: George Norman
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 25
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Author: George Norman
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 25
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Book Description
Author: George Norman
Publisher:
ISBN:
Category : Human engineering
Languages : en
Pages :
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Author: George Norman
Publisher: Taylor & Francis
ISBN: 9780850861211
Category : Business & Economics
Languages : en
Pages : 190
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Book Description
Author: Melvin L. Greenhut
Publisher: Durham, N.C. : Duke University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 284
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Author: Carlo Reggiani
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The spokes model allows to address nonlocalized spatial competition between firms. In a spatial context, firms can price discriminate using location-contingent pricing. Nonlocalized competition implies that neighboring effects are not relevant to firms. This paper analyzes spatial price discrimination and location choices in the spokes model. Highly asymmetric location patterns are one outcome if the number of firms is sufficiently high: in that case, one firm supplies a generally appealing product whereas others focus on a specific niche. Moreover, multiple equilibria arise for intermediate values of the number of firms. In this case, the location patterns do not always globally minimize the sum of transport costs: asymmetric configurations distribute more efficiently the cost between firms.
Author: Matthias Hunold
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
We characterize mixed-strategy equilibria when capacity constrained suppliers can charge location-based prices to different customers. We establish an equilibrium with prices that weakly increase in the costs of supplying a customer. Despite prices above costs and excess capacities, each supplier exclusively serves its home market in equilibrium. Competition yields volatile market shares and an inefficient allocation of customers to firms. Even ex-post cross-supplies may restore efficiency only partly. We show that consumers may benefit from price discrimination whereas the the firms make the same profits as with uniform pricing. We use our findings to discuss recent competition policy cases and provide hints for a more refined coordinated-effects analysis.
Author: Stefano Colombo
Publisher: Springer Nature
ISBN: 3030400980
Category : Business & Economics
Languages : en
Pages : 346
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Book Description
Space is a crucial variable in any economic activity. Spatial Economics is the branch of economics that explicitly aims to incorporate the space dimension in the analysis of economic phenomena. From its beginning in the last century, Spatial Economics has contributed to the understanding of the economy by developing plenty of theoretical models as well as econometric techniques having the “space” as a core dimension of the analysis. This edited volume addresses the complex issue of Spatial Economics from a theoretical point of view. This volume is part of a more complex project including another edited volume (Spatial Economics Volume II: Applications) collecting original papers which address Spatial Economics from an applied perspective.
Author: Marten Graubner
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Significant transport costs and spatially distributed supply and processing create oligopsony power in agricultural markets. Price discrimination expressed in the form of partial or complete absorption of freight charges by processors is often observed in these environments, but we understand little about how these pricing decisions are made. Analytical approaches are often intractable. As an alternative, we propose a computational economics approach to analyze a general spatial competition model and study firms' choices of spatial pricing policy. Instead of the commonly presumed free-on-board pricing, we find that buyers choose price discrimination, either through uniform delivered pricing or through partial freight absorption.
Author: Hiroshi Ohta
Publisher: Texas A&M University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 274
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Book Description
Economic space is the distance that separates economic agents such as manufacturers and consumers. Distance naturally imposes costs on the economic agents, but it has long been a neglected element in orthodox economic theory, one thought to complicate the issue unnecessarily. However, the theoretical implications of assuming away spatial elements may be especially significant for pricing practices and hence for competition. This volume shows why and in what ways the concept of economic space is vital and thus needed to reform orthodox price theory. It negates the classical paradigm of perfect competition and calls for a spatial price theory of imperfect competition. Among Hiroshi Ohta's findings in spatial microeconomic theory are that unlimited entry of new firms into the market may not lower consumer prices and that increased labor productivity in a spatial economy may actually lower real wages. Researchers and students of economic geography and regional science and economics will find the author's careful analysis, equations, and illustrations valuable in understanding a decade of advances in spatial price theory and in exploring new theories of competition.
Author: Barnali Gupta
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 176
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Book Description
