Capacity constraints may restore the existence of an equilibrium in the Hotelling model

Wauthy, Xavier

doi:10.1007/BF01250131

Capacity constraints may restore the existence of an equilibrium in the Hotelling model

Wauthy, Xavier

(1996) Journal of Economics — Vol. 64, n° 3, p. 315-324 (1996)

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Wauthy, XavierUCLouvain
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Abstract

In this note, we consider the Hotelling model with linear transportation costs. We show that capacity constraints may restore the existence of an equilibrium for locations inside the first and third quartiles.

Affiliations

USL-BCentre de Recherche en Economie (CEREC)
UCLouvainSSH/IRIS-L/CERE - Centre de recherche en économie

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Wauthy, X. (1996). Capacity constraints may restore the existence of an equilibrium in the Hotelling model. Journal of Economics, 64(3), 315-324. https://doi.org/10.1007/BF01250131 (Original work published 1996)