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Cournot Competition in a Two-Dimensional Circular City
Maria Isabel Berenguer Maldonado Universidad de Granada Santiago Carbo Valverde Universidad de Granada Miguel Angel Fortes Escalona Universidad de Granada Manchester School, Vol. 73, No. 1, pp. 40-49, January 2005 Abstract: In this paper we develop a Cournot competition model between two firms located in a two-dimensional circular city. This city consists of a circumference and all the points in its interior for which movement between any two points can be made in a straight line. Firms have zero costs and market demand is symmetrically linear. We show that there exists a single state of equilibrium in which the firms agglomerate in the centre of the circle. Accepted Paper Series Date posted: January 07, 2005 ; Last revised: January 08, 2005Suggested Citation |
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