Some spatial equilibria in facility investment under uncertain demand

Roy, J., Johansson, B., & Leonardi, G. (1985). Some spatial equilibria in facility investment under uncertain demand. Papers in Regional Science 56 (1) 215-228. 10.1111/j.1435-5597.1985.tb00849.x.

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This paper describes the spatial distribution of customer demand, supply of customer services and facility investment, as the outcome of a three-level game-like interaction between customers (e.g., shoppers), suppliers (e.g., retailers) and developers (e.g., landlords). Treating both the suppliers and developers at each centre as competitors, oligopolistic equilibria of the Nash-Stackelberg type are developed, and conditions for their existence and uniqueness established. Uncertain customer demand is specified in probabilistic terms, representing the suppliers' perception of expected customer behaviour.

Item Type: Article
Research Programs: Regional Issues Program (RUD)
Bibliographic Reference: Papers in Regional Science; 56(1):215-228 [January 1985] (Published online 14 January 2005)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:55
Last Modified: 27 Aug 2021 17:35

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