Price Uncertainty and Production-Location Decisions under Free Entry Oligopoly

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Title:	Price Uncertainty and Production-Location Decisions under Free Entry Oligopoly
Authors:	麥朝成;Mai, Chao-cheng;Yeh, Chiou-nan;Suwanakul, Sontachai
Contributors:	淡江大學產業經濟學系
Date:	1993-11
Issue Date:	2011-09-29 10:53:24 (UTC+8)
Publisher:	Wiley Periodicals
Abstract:	This paper departs from earlier work on location theory under uncertainty by considering an oligopoly case where the symmetric Cournot‐Nash equilibrium of imperfectly competitive and identical firms are examined. It will be shown that once a Cournot competitive equilibrium is introduced, the demand function plays a central role in the choice of location, and the effects of changes in fixed costs, mean product price and price variability on the firm's optimum location and output are independent of absolute and/or relative risk aversion. These striking results are in sharp contrast with the well‐known results obtained in previous contributions to the location literature.
Relation:	Journal of Regional Science 33(4), pp.531-545
DOI:	10.1111/j.1467-9787.1993.tb00847.x
Appears in Collections:	[Graduate Institute & Department of Industrial Economics] Journal Article

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