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Upravlenie Bol'shimi Sistemami, 2010, Issue 31, Pages 205–224
(Mi ubs458)
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Control in Social and Economic Systems
Numerical solution of Hotelling's Game in secure strategies
M. Iskakov, A. Iskakov Institute of Control Sciences of RAS
Abstract:
We study the price-location game in the classical model of spatial competition proposed by H.Hotelling in 1929 with the linear transport costs and elastic demand. We employ the concept of
equilibrium in secure strategies (ESS) which allows to solve the subgame of choosing prices for any locations. The numerical solution of the two-stage location-price Hotelling game is presented. The obtained results are interpreted and interesting economic effects of the model are discussed.
Keywords:
Hotelling, spatial competition, equilibrium in Secure Strategies.
Citation:
M. Iskakov, A. Iskakov, “Numerical solution of Hotelling's Game in secure strategies”, UBS, 31 (2010), 205–224
Linking options:
https://www.mathnet.ru/eng/ubs458 https://www.mathnet.ru/eng/ubs/v31/p205
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Statistics & downloads: |
Abstract page: | 426 | Full-text PDF : | 532 | References: | 40 | First page: | 2 |
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