The socially optimal and equilibrium locations of two stores or libraries with consumer search

Auteur :
BRAID, R.M.

Description :
This paper examines the socially optimal (and also equilibrium) locations of two stores or libraries on a linear market of unit length. If each consumer has probability of finding a desired product at each store, then the socially optimal locations are never completely centralized for full information, but are completely centralized for when costly visit search is necessary. The Nash equilibrium locations of two stores, and various alternative models for the socially optimal locations of two stores, are also examined.


Type de document :
Article de périodique

Source :
The Annals of regional science, issn : 0570-1864, 2014, vol. 53, n°. 1, p. 123-136, nombre de pages : 14, Références bibliographiques : 38 ref.

Date :
2014

Editeur :
Pays édition : Allemagne, Berlin, Springer