Cost reducing investments and spatial competition

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Domenico Scalera; Alberto Zazzaro;
  • Journal: Economics Bulletin,volume 12,issue 20,pages1-8
  • Subject: Cost reducing investments
    • jel: jel:L1

In this paper we analyze the relationship between competition and cost reducing investments in the context of a location model. In particular, we derive the symmetric subgame-perfect equilibrium of a three-stage circular city model with closed-loop strategies, and study... View more
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