Two-Player Location-Price Game in a Spoke Market with Linear Transportation Cost

oleh: Xiaofeng Chen, Qiankun Song

Format: Article
Diterbitkan: Hindawi Limited 2021-01-01

Deskripsi

This paper investigates the location game of two players in a spoke market with linear transportation cost. A spoke market model has been proposed, which is inspired by the Hotelling model and develops two-player games in price competition. Using two-stage (position and price) patterns and the backward guidance method, the existence of price and location equilibrium results for the position games is proved.