Two dimensional Hotelling model : analytical results and numerical simulations
Résumé
We present an analytical solution to a two dimensional Hotelling model with quadratic transportation costs for two stores in a square city. We assume that the consumers choice as to which store to patronize is tempered by a logit function. As in the one-dimensional case, stores are led to aggregate spatially as the disorder introduced by the logit increases. This solution is confirmed by numerical simulations.
Domaines
Physique et Société [physics.soc-ph]Origine | Fichiers produits par l'(les) auteur(s) |
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