Spatial competition with profit-maximising and labour-managed firms

被引：10
|
作者：
Lambertini, L [1 ]
机构：
[1] Univ Bologna, Dept Econ, I-40125 Bologna, Italy
来源：
PAPERS IN REGIONAL SCIENCE | 2001年 / 80卷 / 04期
关键词：
minimum differentiation; location; value added;
D O I：
10.1007/PL00013647
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The nature of the equilibria arising under spatial differentiation is investigated here in a duopoly model, where at least one firm maximises value added per worker. The study shows that if firms' objectives differ, there exists a subgame perfect equilibrium in pure strategies, which is possibly characterised by asymmetric locations. If both firms are labour-managed, there exists a (symmetric) subgame perfect equilibrium in pure strategies with firms located at the first and third quartiles, if and only if the setup cost is low enough. Otherwise, undercutting is protitable.
引用
收藏
页码：499 / 507
页数：9
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