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Pioneering Developments in Location Analysis Read chapter Read first chapter

2011 | OriginalPaper | Chapter

7. Equilibria in Competitive Location Models

Author : H. A. Eiselt

Published in: Foundations of Location Analysis

Publisher: Springer US

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Abstract

Whereas the usual location models locate facilities based on the wishes and objectives of a single decision maker, competitive location models consider the location of facilities that are under the jurisdiction of more than one decision maker. The economist Hotelling (1929) was the first to introduce competition into location models. His results stood unchallenged for fifty years, until d’Aspremont et al. (1979) corrected an inconsistency that invalidated Hotelling’s main result. Nonetheless, this has not diminished the originality and importance of the original contribution, and it is also the reason why the present paper reviews Hotelling’s contribution and its impact on location models with multiple decision makers.

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Metadata
Title
Equilibria in Competitive Location Models
Author
H. A. Eiselt
Copyright Year
2011
Publisher
Springer US
Book
Foundations of Location Analysis

Print ISBN: 978-1-4419-7571-3

Electronic ISBN: 978-1-4419-7572-0

Copyright Year: 2011

DOI
https://doi.org/10.1007/978-1-4419-7572-0_7

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