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Regular version of the site

Book chapter

О различных концепциях ценового равновесия в задаче пространственной конкуренции Хотеллинга

С. 218-220.

We consider a model of location-price competition between two firms, located on the circle. Nash equilibrium, equilibrium in secure strategies, and Nash-2 equilibrium are compared. We demonstrate that Nash-2 equilibrium exists for any locations of firms. The set of Nash-2 equilibria is treated as tacit collusion.