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- Title
COURNOT COMPETITION IN A TWO-DIMENSIONAL CIRCULAR CITY.
- Authors
Maldonado, María Isabel Berenguer; Valverde, Santiago Carbó; Escalona, Miguel Ángel Fortes
- Abstract
In this paper we develop a Cournot competition model between two firms located in a two-dimensional circular city. This city consists of a circumference and all the points in its interior for which movement between any two points can be made in a straight line. Firms have zero costs and market demand is symmetrically linear. We show that there exists a single state of equilibrium in which the firms agglomerate in the centre of the circle.
- Subjects
ECONOMIC competition; CONTESTS; BUSINESS enterprises; BUSINESS; MARKETS; ECONOMIC demand
- Publication
Manchester School (1463-6786), 2005, Vol 73, Issue 1, p40
- ISSN
1463-6786
- Publication type
Article
- DOI
10.1111/j.1467-9957.2005.00423.x