Hotelling's spatial competition as a model of sales
Economics LettersPublished 1 January 1982
Esther Gal‐Or
Citations37
SJR quartileQ2
SJR score0.76
SNIP0.98
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Abstract
Hotelling's spatial competition model is used to explain the existence of sales. It is shown that (1) an equilibrium in randomized strategies exists when a pure strategy equilibrium fails to exist, (2) with more dissimilarity among brands prices are chosen from a wider interval.
Keywords
Economics, Econometrics and FinanceBusiness, Management and Accounting
Stability in Competition
5,793 Citations1990Harold Hotelling