The circular city with heterogeneous firms

The paper extends the Salop model of localized competition by allowing firms to have heterogeneous costs. We provide a general but highly tractable analytical solution for the equilibrium prices, and we study the long-run properties of the model using two different entry games. We show that cost het...

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Bibliographic Details
Main Authors: Marco Alderighi, Claudio Piga
Format: Default Preprint
Published: 2008
Subjects:
Other economics not elsewhere classified
Localized competition
Market efficiency
Cost heterogeneity
Large markets
Economics not elsewhere classified
Online Access:https://hdl.handle.net/2134/4254
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https://hdl.handle.net/2134/4254

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