Cournot competition and spatial agglomeration revisited. (Q5958681)
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scientific article; zbMATH DE number 1715722
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Cournot competition and spatial agglomeration revisited. |
scientific article; zbMATH DE number 1715722 |
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Cournot competition and spatial agglomeration revisited. (English)
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3 March 2002
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In a previous letter \textit{D. Pal} [Econ. Lett. 60, 49--23 (1998; Zbl 0914.90061)] shows that firms locate equidistant from each other in a circular city. However, we show that the following location pattern is also an equilibrium outcome: firms agglomerate at two points in a circular city.
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Agglomeration
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