منابع مشابه
Hotelling Model 3 Candidates
Sections 3 and 4 present the two versions of the model, which make different The model has a continuum of voters with unit mass and two candidates, 1 and 2. ABSTRACT We consider the Hotelling–Downs model with n 3 office-seeking candidates and runoff voting. We show that Nash equilibria in pure strategies. Congyi Xiang discover inside connections to recommended job candidates, industry January 2...
متن کاملVariations on the Hotelling-Downs Model
In this paper we expand the standard Hotelling-Downs model (Hotelling 1929; Downs 1957) of spatial competition to a setting where clients do not necessarily choose their closest candidate (retail product or political). Specifically, we consider a setting where clients may disavow all candidates if there is no candidate that is sufficiently close to the client preferences. Moreover, if there are...
متن کاملThe Hotelling-Downs model with runoff voting
We consider the Hotelling-Downs model with n ≥ 2 office seeking candidates and runoff voting. We show that Nash equilibria in pure strategies always exist and that there are typically multiple equilibria, both convergent (all candidates are located at the median) and divergent (candidates locate at distinct positions), though only divergent equilibria are robust to free entry. Moreover, two-pol...
متن کاملHotelling¡ ̄s Location Model in Mixed Duopoly
We investigate a mixed duopoly market where a welfare−maximizing public firm competes against a profit−maximizing private firm, using a linear−city location−then−price model with linear transportation costs. We find that, compared with the results in the purely private duopoly case discussed by Hotelling (1929) and d' Aspremont, Gabszewicz, and Thisse (1979), the condition under which price equ...
متن کاملHotelling-Downs Model with Limited Attraction
In this paper we study variations of the standard Hotelling-Downs model of spatial competition, where each agent attracts the clients in a restricted neighborhood, each client randomly picks one attractive agent for service. Two utility functions for agents are considered: support utility and winner utility. We generalize the results by Feldman et al. to the case where the clients are distribut...
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ژورنال
عنوان ژورنال: Journal of Industrial Organization Education
سال: 2011
ISSN: 1935-5041
DOI: 10.2202/1935-5041.1036