Econometrica: Sep 1977, Volume 45, Issue 6
Pricing under Spatial Competition and Spatial Monopoly
Dennis R. Capozza, Robert Van OrderResearch on the spatial firm has shown that spatial results often differ from non-spatial. This paper considers the relationship between the price of a spatial monopoly and the price of a spatially competitive firm. The conditions under which the competitive price will exceed the monopoly price are outlined.
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