Asymmetrical Price Conjectural Variation in Spatial Competition Models
研究了空间竞争寡头市场中企业均衡价格的比较静态性质，分析了非对称价格推测变动对定价行为的影响，并探讨了需求弹性、运输率等市场参数的作用。
This paper examines the comparative statics of firms' equilibrium prices (generated by price reaction functions) in spatially competitive oligopolies. Implications for firms' pricing behaviors—generated by asymmetrical price conjectural variations—are discussed for one-dimensional markets. The analytical properties of equilibrium prices are first established for the case of inelastic consumer demand. Then the results of a price sensitivity analysis of market parameters (demand intensity, transportation rate, etc.) are presented for the more complicated case of elastic consumer demand. The paper demonstrates that the geographic extents of rivals' market shares are not only functions of firms' pricing behaviors but also the interaction of such behaviors with various market parameters.