Space–Time Hotelling Model and Its Application to Retail Competition in a Duopoly
نویسندگان
چکیده
We propose a space–time Hotelling model that introduces a unit size of the vertical time axis in the classical Hotelling unit interval model. The proposed model allows explicit consideration of the probability that a consumer arrives at a retail store up to time t to purchase goods. The proposed model is useful in a variety of retailing problems. We briefly demonstrate an application of the proposed model to retail competition in a duopoly.
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