Equilibrium store locations when consumers minimize travel time plus waiting time |
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Authors: | Elon Kohlberg |
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Affiliation: | Harvard University, Boston, MA 02163, USA |
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Abstract: | This note studies a simple variant of the classical Hotelling model for store locations: It assumes that in choosing a store, consumers take into account not only travel time but also waiting time for service in each store, which in turn depends on the number of consumers choosing that store. |
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