Production Cost Heterogeneity in a Circular-City Model

Production Cost Heterogeneity in a Circular-City Model

We derive the closed-form solution characterizing the equilibrium in a circular-city model with competing firms of heterogeneous production costs. Tractability issues in this setting are well known and have not been resolved in prior work. In this paper, the equilibrium solution illustrates effects...

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Bibliographic Details
Main Authors: LIN, Mei, WU, Ruhai
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2015
Subjects:
Circular-city model
cost heterogeneity
game theory
Computer Sciences
Management Information Systems
Online Access:https://ink.library.smu.edu.sg/sis_research/1962
https://ink.library.smu.edu.sg/context/sis_research/article/2961/viewcontent/ProductionCostHeterogeneity_CircularCityModel_2015.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/sis_research/1962
https://ink.library.smu.edu.sg/context/sis_research/article/2961/viewcontent/ProductionCostHeterogeneity_CircularCityModel_2015.pdf

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