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| Title | Hotelling meets Weber |
| Creator | 賴孚權 Laia, Fu-Chuan ; Tabuchi, Takatoshi |
| Contributor | 財政系 |
| Key Words | Hotelling; Weber; Location competition; Social welfare |
| Date | 2012.11 |
| Date Issued | 17-Apr-2014 16:26:18 (UTC+8) |
| Summary | In this paper, spatial competition between two sellers in a market (Hotelling, 1929) and total transportation costs minimization (Weber, 1909) are combined, and equilibrium and optimum locations of firms are analyzed along with the consequent policy implications. We show that when the output prices are fixed and equal, both firms agglomerate at the market center, irrespective of the distribution of inputs. Further, we also show that when output price is endogenous, the middle point of firm locations in Hotelling`s model is identical to the Weber point. Finally, we show that the locations of Hotelling`s firms are far from the socially optimal location. |
| Relation | Regional Science and Urban Economics,42(6), 1017-1022 |
| Type | article |
| DOI | http://dx.doi.org/10.1016/j.regsciurbeco.2011.09.001 |
| dc.contributor | 財政系 | en_US |
| dc.creator (作者) | 賴孚權 | zh_TW |
| dc.creator (作者) | Laia, Fu-Chuan ; Tabuchi, Takatoshi | en_US |
| dc.date (日期) | 2012.11 | en_US |
| dc.date.accessioned | 17-Apr-2014 16:26:18 (UTC+8) | - |
| dc.date.available | 17-Apr-2014 16:26:18 (UTC+8) | - |
| dc.date.issued (上傳時間) | 17-Apr-2014 16:26:18 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/65471 | - |
| dc.description.abstract (摘要) | In this paper, spatial competition between two sellers in a market (Hotelling, 1929) and total transportation costs minimization (Weber, 1909) are combined, and equilibrium and optimum locations of firms are analyzed along with the consequent policy implications. We show that when the output prices are fixed and equal, both firms agglomerate at the market center, irrespective of the distribution of inputs. Further, we also show that when output price is endogenous, the middle point of firm locations in Hotelling`s model is identical to the Weber point. Finally, we show that the locations of Hotelling`s firms are far from the socially optimal location. | en_US |
| dc.format.extent | 427400 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | Regional Science and Urban Economics,42(6), 1017-1022 | en_US |
| dc.subject (關鍵詞) | Hotelling; Weber; Location competition; Social welfare | en_US |
| dc.title (題名) | Hotelling meets Weber | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1016/j.regsciurbeco.2011.09.001 | - |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1016/j.regsciurbeco.2011.09.001 | - |