The implications of space for competition

The implications of space for competition

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Article ID: iaor199662
Country: Greece
Volume: 3
Issue: 1
Start Page Number: 227
End Page Number: 246
Publication Date: Sep 1994
Journal: Studies In Regional and Urban Planning
Authors: ,
Keywords: competition
Abstract:

Incorporating space in economic models has two important consequences. First, the hypothesis of perfect competition becomes untenable, and second, the distinction between private and public goods becomes blurred. The authors review arguments that lead to these conclusions and summarize recent work pointing to other incentive systems that might lead to efficient location decisions and pricing policies.

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