Uncertain spatial demand and price flexibility: A state space approach to duopoly |
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| Authors: | Kieron J Meagher Klaus G Zauner |
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| Institution: | a Research School of Economics, Australian National University, Canberra, ACT 0200, Australiab Department of Economics, School of Social Sciences, City University London, United Kingdom |
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| Abstract: | Sufficient conditions for a unique price equilibrium, in terms of the uncertainty distribution and the state contingent consumer distributions, are given for spatial duopoly. Also considered are efficiency and endogenous locations for the symmetric case and comparative statics on price flexibility. |
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| Keywords: | C72 D43 D81 L10 L13 R30 R39 |
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