Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Take the Hotelling's location model (the linear city) discussed in class for the case in which all firms are required to charge the same fixed price. Further assume that firms choose their location sequentially (i.e. firm 1 moves first, followed by firm 2 etc.).
For simplicity make the following two assumptions:
1. Firm n knows the location of all n-1 firms that have already choose their location.
2. Firms can fully anticipate the number of firms that will (eventually) participate in the market.
(a) Describe the initial location of two firms and explain why these locations constitute an equilibrium location.
[Note: an 'equilibrium location' is the situation in which no firm wishes to relocate given the choice of all other firms.]
(b) Describe the initial location of three firms and explain why these locations constitute an equilibrium location.
(c) In the case of three firms, what happens to the intensity of direct-to-consumer spending and detailing for the first firm to enter the market as a function of entry? (i.e. how does firm 1 alters their DTCA and detailing expenditure when firm 2 enter and then when firm 3 enters the market?)
how to find mode graphically when the biggest rectangle is at the end
what is probebility? and how to solve the sums of this?
Define Mortality: The following rates are used for measuring mortality. Crude death rate The annual crude death rate is defined as Crude death rate = annual deaths / annual
I have one task to be done on Eviews.
Expertsmind.com offering financial accounting help,The Financial Accounting vs. The Book-keeping issues itself with the producing (correctly and in a set of books) of those dealin
The following are actual data showing the latitude of a sample of major cities in the northern hemisphere and their mean high annual temperature. latitude(X) mean high temp(Y
z test problems
difference between histogram and historigram
Why are Jovian moons more geologically active than small rocky planets? - Ices deform and melt at much lower temperatures than rock, allowing icy volcanism and tectonics at sur
how to find 1st quartile from the graph of more than ogive type, please reply me with an example
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd