政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/75356

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113313/144292 (79%)
Visitors : 50946872 Online Users : 944

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大典藏 > College of Social Science > Department of Public Finance > Periodical Articles > Item 140.119/75356

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/75356

Title:	Hotelling was right with decreasing returns to scale and a coalition-proof refinement
Authors:	Sun, C.-H.;Lai, Fu-Chuan 賴孚權
Contributors:	財政系
Keywords:	agglomeration;competition (economics);market conditions;modeling;price dynamics;production cost;returns to scale;spatial analysis
Date:	2013-06
Issue Date:	2015-05-28 17:39:34 (UTC+8)
Abstract:	This paper provides a simple, realistic, and very slightly modified version of the production technology in Hotelling`s (Econ J 39:41-57, 1929) spatial model with linear transportation costs to overcome the nonexistence problem of equilibrium-decreasing returns to scale. It is shown that a pure strategy Nash equilibrium in price competition always exists for all location pairs and guarantees uniqueness if we utilize a coalition-proof refinement introduced by Bernheim et al. (J Econ Theory 42:1-12, 1987). Decreasing returns to scale reduce the profit a firm can capture through price undercutting and stabilize the price equilibrium due to the increasing average production cost of firms. As a consequence, duopoly firms agglomerating at the center of a line are shown to be at the unique location equilibrium. This paper confers a new validity to the so-called principle of minimum differentiation, in some sense, with the least deviation from the original Hotelling (Econ J 39:41-57, 1929) model. © 2012 Springer-Verlag.
Relation:	Annals of Regional Science, 50(3), 953-971
Data Type:	article
DOI link:	http://dx.doi.org/10.1007/s00168-012-0528-y
DOI:	10.1007/s00168-012-0528-y
Appears in Collections:	[Department of Public Finance] Periodical Articles

Files in This Item:

File	Description	Size	Format
953-971.pdf		249Kb	Adobe PDF2	829	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...