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Cataloged Resource Summary

 

Title

Hotelling in the Classroom

Author

Nicolas Eber

Category

Industrial Organization

Subject

Hotelling model

Type

Non-computerized experiment

Description

The purpose of the very simple classroom experiment we develop in this paper is precisely to present to students the key facets of the Hotelling model in a very intuitive yet comprehensive way. An interesting point is that the experiment actually allows one to deal with a priori purely technical issues such as the non-existence problem identified by d'Aspremont et al. (1979). The purpose of the experiment is thus to capture the whole story of spatial competition, including the clustering tendency by firms, price- competition problems, the demand-proximity effect, regulation aspects, and the political competition interpretation of spatial models.

URL

http://mcnet.marietta.edu/~delemeeg/expernom/Fall2002/eber.html

Home URL

http://mcnet.marietta.edu/~delemeeg/expernom.html
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