Two-player location-price game in a spoke market with linear transportation cost (Q2063483)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Two-player location-price game in a spoke market with linear transportation cost |
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Two-player location-price game in a spoke market with linear transportation cost (English)
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11 January 2022
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Summary: 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.
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