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Article
Urban/rural spatial price discrimination with online competition
We contribute to the previous offline spatial price discrimination by adding an online entrant that results in partially equalized prices, and the urban (rural) segments are served by the offline (online) firm...
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Article
Privatization neutrality with quality and subsidies
This study introduces a subsidy policy on product quality in a quality-then-price game to remedy the quality distortion under a mixed oligopoly (one public firm and one private firm) framework. We show that th...
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Article
Spatial Cournot competition in two intersecting circular markets
This paper analyzes the location equilibrium in two intersecting circular markets where two identical firms engage in Cournot competition. It is shown that each of the two intersection points occupied by one o...
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Chapter
Spatial Cournot Competition
This chapter reviews the literature on spatial Cournot competition with endogenous firms’ locations in the past 30 years, which started from Hamilton et al. (Spatial Discrimination: Bertrand vs. Cournot in a M...
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Article
Special feature in honor of Shin-Kun Peng
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Article
Spatial Cournot Competition in a Circular City with More than Two Dispatches
This paper investigates spatial Cournot competition in a circular city, where the maximal service range of a vehicle is less than half of the perimeter, and a firm needs to initiate more than two dispatches to...
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Article
Spatial Cournot competition in a linear–circular market
This paper explores a linear and circular model with spatial Cournot competition. It is shown that agglomeration of firms at the center of the main street is the equilibrium when the demand density on the main...
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Article
Media bias, slant regulation, and the public-interest media
This study addresses the role of government in reducing media bias that arises from the demand side. Introducing a public-interest media outlet reduces the equilibrium slants that would otherwise exist under l...
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Article
Land use and rent gradients with a monopoly vendor and two central business districts
Dispersed consumer amenities such as shop** and cultural attractions greatly influence land use patterns and rent gradients. Lai and Tsai (J Urban Econ 63:536–543, 2008) generalize the traditional Alonso–Mills–...
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Article
Spatial competition with quadratic transport costs and one online firm
d’Aspremont (Econometrica 47:1145–1150 , 1979) showed that a Hotelling (Econ J 39:41–57 , 1929) duopoly model with quadratic transport costs yields maximal differentiation. However, the introducing of an online f...
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Article
Spatial price discrimination and location choice with labor markets
This paper generalizes Hwang and Mai’s (Am Econ Rev 80:567–575, 1990) model to include labor markets and shows that their results are still valid when the difference of inverse demand slopes is large enough, whil...
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Article
The role of an intermediate market within the barbell model
This paper extends Hwang and Mai (Am Econ Rev 80:567–575, 1990) with an intermediate market to discuss the spatial pricing and social welfare. It is shown that the monopoly will always locate at this intermediate...
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Article
Hotelling was right with decreasing returns to scale and a coalition-proof refinement
This paper provides a simple, realistic, and very slightly modified version of the production technology in Hotelling’s (Econ J 39:41–57, 1929) spatial model with linear transportation costs to overcome the nonex...
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Article
On the competition between an online bookstore and a physical bookstore
This study examines the relative competitiveness of online and physical bookstores. Online bookstores have the advantage of being able to provide a wide range of books while minimizing inventory costs, but cus...
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Article
Symbiotic Production and Downstream Market Competition
It is well known that the double marginalization problem in the vertical relation can be eliminated by collusion, but it is undesirable because of the monopoly pricing outcome. This study addresses the role of...
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Article
Pollution, Factor Ownerships, and Emission Taxes
This paper employs Cournot’s (1838) model of complementary goods to analyze the optimal emission taxation under joint and independent ownership with pollution. When the marginal damage is small (large), an emissi...
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Article
Spatial duopoly with zoning
We reexamine the spatial duopoly with a general equilibrium associated with a land market by considering a zoning constraint. It is shown that the zoning constraint makes the equilibrium location region smalle...
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Article
Incentive consistency and the choice of a spatial pricing mode
This paper extends Gronberg and Meyer’s results (1981 21:541–549) and studies the problem that occurs when transportation costs are different between a firm and consumers: The firm (based on a profit-maximizing c...
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Article
A fiscal regime solving the incentive inconsistency problem
This paper proposes a fiscal taxation/subsidy regime, which can mitigate the incentive inconsistency problem in the selection of a price policy (Yao and Lai, Ann Reg Sci, 2006). Through this regime, a Pareto i...
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Article
Cournot competition in spatial markets: Some further results
In contrast to most of the literature on a circular market in which firms choose to disperse equally from each other in equilibrium, this research note shows that the equal-distance dispersion in a circular ma...
