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| Takeshi Ebina and Daisuke Shimizu |
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| ''A unidirectional Hotelling model revisited'' |
| ( 2012, Vol. 32 No.4 ) |
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| We consider a two-stage location-price Hotelling model where the consumers can only buy from one direction, as presented by Kharbach (2009, Economics Bulletin). We show that the equilibrium outcome derived by Kharbach does not constitute a subgame perfect Nash equilibrium. |
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| Keywords: unidirectional, Hotelling, equilibrium, mill pricing, location |
JEL:
R3 - Production Analysis and Firm Location: General |
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| Manuscript Received : Mar 05 2012 | | Manuscript Accepted : Oct 16 2012 |
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