The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: May, 1986, Volume 54, Issue 3
https://doi.org/0012-9682(198605)54:3<623:COFDPA>2.0.CO;2-Y
p. 623-640
Arthur P. Hurter, Jr., Phillip J. Lederer
Two costlessly mobile firms are to be located in a market region, a subset of the plane. The firms compete by setting locations and delivered price schedules. To study this competitive situation an appropriate extensive form game is defined, along with an appropriate noncooperative solution concept. Existence and general properties of the equilibrium are demonstrated. Among the results are: Each firm increases its profit by locating so as to decrease total cost to both firms of serving the market. Firms will never locate coincidentally if they have identical production costs and transport cost rates, or if these are different and the firms are located in a circular market region having a uniform demand distribution.
March 5, 2024
The terms of the Editors of the Econometric Society's three journals end June 30, 2025. We are pleased to announce the incoming Editors and to thank the outgoing Editors for their excellent and continuing service.
Econometrica: Since 2019, Guido Imbens has served as the 14th Editor of Econometrica. On July 1, 2025, Marina Halac will become the Editor.
Quantitative Economics: Stéphane Bonhomme has been the Editor of Quantitative Economics since 2021. His successor will be Bernard Salanié.
Theoretical Economics: The Editor of Theoretical Economics since 2021 has been Simon Board. Taking over for him in July 2025 will be Federico Echenique.
Guido, Stéphane, and Simon have been outstanding Editors. We are grateful to them for the work they have done and will continue to do, and we look forward to further congratulating them next year. We believe Marina, Bernard, and Federico will be outstanding successors and we thank them in advance for their service.
Finally, we are grateful to Larry Samuelson for chairing all three search committees, and we thank the search committee members for their hard and fruitful work:
Econometrica: Christian Dustmann, Lars Hansen, Alessandro Lizzeri, George Mailath, Ariel Pakes, Helene Rey, and Elie Tamer.
QE: Kate Ho, Michael Keane, Felix Kubler, Whitney Newey, and Frank Schorfheide.
TE: Jeff Ely, Johannes Horner, Gilat Levy, Meg Meyer, and Ran Spiegler.
