Abstract
In this paper, we analyze a spatial Bertrand oligopoly model called network-city model. Firms compete directly and simultaneously with all other firms. In the model, we allow for heterogeneous product differentiation, heterogeneous constant marginal costs of production, and heterogeneous consumer densities. We show that the equilibrium is unique and easily computable. Our model is more general than the existing spatial models, and more importantly, our model provides a spatial microfoundation for the traditional linear demand functions in a differentiated Bertrand oligopoly.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
