Show simple item record

dc.contributor.authorGray, Richarden_NZ
dc.date.available2011-04-07T03:09:50Z
dc.date.copyright2002-10en_NZ
dc.identifier.citationGray, R. (2002, October). Differentiation on Main Street: Two topics in location theory (Dissertation, Bachelor of Commerce with Honours). Retrieved from http://hdl.handle.net/10523/1163en
dc.identifier.urihttp://hdl.handle.net/10523/1163
dc.description.abstractTwo topics are examined in the convex cost specification introduced by d'Aspremont et al. (1979) into the model of Hotelling (1929). The first topic introduces a finite reservation constraint and demonstrates that the maximal differentiation result of d'Aspremont et al. (1979) is a special case which holds only if the constraint is sufficiently high. The second topic demonstrates that the use of a convex cost function creates the existence of a unique subgame-perfect Nash equilibrium in pure-strategies with three firms in a finite linear interval, and so reconciles an outstanding theoretical anomaly. The welfare consequences of this equilibrium are considered. In a limited analysis the second topic also examines possible locational pre-emption strategies as a finite reservation constraint is introduced, suggesting that the reservation value of a product is perhaps relevant in a firm's ideal location commitment.en_NZ
dc.subjectconvex cost specificationen_NZ
dc.subjectfinite reservation constrainten_NZ
dc.subjectmaximal differentiation resulten_NZ
dc.subjectconvex cost functionen_NZ
dc.subjectNash equilibrium,en_NZ
dc.subject.lcshHF Commerceen_NZ
dc.subject.lcshHF5601 Accountingen_NZ
dc.subject.lcshH Social Sciences (General)en_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleDifferentiation on Main Street: Two topics in location theoryen_NZ
dc.typeDissertationen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages59en_NZ
otago.date.accession2006-10-06en_NZ
otago.schoolEconomicsen_NZ
thesis.degree.disciplineEconomicsen_NZ
thesis.degree.nameBachelor of Commerce with Honours
thesis.degree.grantorUniversity of Otagoen_NZ
thesis.degree.levelHonours Dissertationsen_NZ
otago.interloanyesen_NZ
otago.openaccessAbstract Only
dc.identifier.eprints417en_NZ
otago.school.eprintsEconomicsen_NZ
dc.description.referencesAnderson, S.P., de Palma, A. and J-F. Thisse (1992) Discrete choice theory of product differentiation, MIT Press, Cambridge, MA. Bertrand, J. (1883) Theorie mathematique de la richesse sociale, Journal des Savants 48, 499-508, cited in Gabszewicz and Thisse (1986). äckem, S. (1996) Corrigendum to: a generalized model of horizontal product differentiation, Mimeo, cited in Peitz (1999). BOckem, S. (1994) A generalized model of horizontal product differentiation, Journal of Industrial Economics 42, 287-98. Brenner, S. (2001a) Determinants of product differentiation: a survey, Discussion Paper, Humbolt-University Berlin, Brenner, S. (2001b) Hotelling games with three, four, and more players, Discussion Paper, Humbolt-University Berlin 23, 1-27. d'Aspremont, C.J., J.J. Gabszewicz and J-F. Thisse (1979) On Hotelling's stability in competition, Econometrica 47, 1145-50. Dasgupta, P. and E. Maskin (1986) The existence of equilibrium in discontinuous economic games: theory and applications, Review of Economic Studies 53, 1-41. de Palma, A. and J-F. Thisse (1987) On existence of location equilibria in the three-firm Hotelling problem, Journal of Industrial Economics 36, 245-52. Eaton, B.C. (1972) Spatial competition revisited, Canadian Journal of Economics 5, 268-78. Economides, N. (1993) Hotelling's 'Main Street' with more than two competitors, Journal of Regional Science 33, 303-19. Economides, N. (1986) Minimal and maximal product differentiation in Hotelling's duopoly, Economics Letters 21, 67-71. Economides, N. (1984) The principle of minimum differentiation revisited, European Economic Review 24, 345-68. Gabszewicz, J.J. and J-F. Thisse (1992) Location, in Aumann, R.J. and S. Hart (eds) Handbook of Game Theory, Volume 1, Elsevier Science Publishers, Holland. Gabszewicz, J.J. and J-F. Thisse (1986) Spatial Competition and the Location of Firms, in Arnett, R. (ed) Location Theory, Fundamentals of Pure and Applied Science 5, Harwood Academic Publishers, Switzerland. Graitson, D. (1982) Spatial competition a la Hotelling: a selective survey, Journal of Industrial Economics 31, 13-25, Hotelling, H. (1929) Stability in competition, Economic Journal 39, 41-57. Jehiel, P. (1992) Product differentiation and price collusion, International Journal of Industrial Organization 10, 633-41. Lerner, A.P. and H.W. Singer (1937) Some notes on duopoly and spatial competition, Journal of Political Economy 45, 145-86. Osbourne, M.J. and C. Pitchik (1987) Equilibrium in Hotelling's model of spatial competition, Econometrica 55, 911-23. Peitz, M. (1999) A difficulty with the address models of product differentiation, Economic Theory 14, 717-27. Phlips, L. and J-F. Thisse (1982) Spatial competition and the theory of differentiated markets: an introduction, Journal of Industrial Economics 31, p 1-7. Prescott, E.C. and M. Vischer (1977) Sequential location among firms with foresight, Bell Journal of Economics 8, 378-93. Shaked, A. (1986a) Discussion of d'Aspremont, C.J. and J.J. Gabszewicz On the stability of collusion in Stiglitz, J.E. and G.F. Mathewson (eds) New developments in the analysis of market structure, MacMillan Press, p 262. Shaked, A. (1982b) Existence and computation of mixed strategy Nash equilibrium for the three firm location problem, Journal of Industrial Economics 31, 93-6. Tabuchi, T. and J-F. Thisse (1995) Assymetric equilibria in spatial competition, International Journal of Industrial Organisation 13, 213-227. Tirole, J. (1988) The Theory of Industrial Organisation, MIT Press, MA.en_NZ
 Find in your library

Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item is not available in full-text via OUR Archive.

If you would like to read this item, please apply for an inter-library loan from the University of Otago via your local library.

If you are the author of this item, please contact us if you wish to discuss making the full text publicly available.

This item appears in the following Collection(s)

Show simple item record