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Consistent location conjectures under spatial price discrimination

Journal of Economics, Forthcoming

 我院王峥老师在经济学期刊 Journal of Economics上发表论文。下面是论文的摘要。
This paper is the first to model consistent location conjectures under spatial 
price discrimination.With linear production cost, thewell-known association of spatial price discrimination with efficiency vanishes as duopolists with consistent conjectures collocate at the center.With convex production cost, the duopolists do not collocate but continue to locate closer to the center than under Nash conjectures. Yet, with sufficient cost convexity, this movement to the center can actually increase welfare relative to Nash. We extend the results with linear costs to multiple private firms.

(日期:2015-09-12 作者:John S. Heywood and Zheng Wang 来源:)