摘要: This paper employs the theory of strategic market games (enhanced with a spatial dimension) in order to study issue location perfectly competitive setup. In this framework, each player decides strategically where and what quantities she wishes trade and, hence, structure (or simply distribution active trading posts prices) emerges endogenously. We conduct comprehensive analysis for class simple continuum traders we show that (i) not all structures can support Nash equilibrium, (ii) at least some multi-market equilibrium (iii) prices generically, diverge.
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