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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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| 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 |