Three Equivalent Salop Models and their Normative Representative Consumer

Detalhes bibliográficos
Autor(a) principal: Hoernig, Steffen
Data de Publicação: 2015
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/82836
Resumo: We show that three location models on the Salop circle, involving linear or quadratic transport cost, and asymmetric locations or fixed benefits, are equivalent: they lead to the same demand functions and consumer surplus. The only exception is the case of asymmetric locations with an even number of firms, which has one less degree of freedom. These models are also fully equivalent to a normative representative consumer whose indirect utility is given by the standard Salop consumer surplus. This result provides a further unification of location and representative consumer models.
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spelling Three Equivalent Salop Models and their Normative Representative ConsumerSalop modelRepresentative consumerWe show that three location models on the Salop circle, involving linear or quadratic transport cost, and asymmetric locations or fixed benefits, are equivalent: they lead to the same demand functions and consumer surplus. The only exception is the case of asymmetric locations with an even number of firms, which has one less degree of freedom. These models are also fully equivalent to a normative representative consumer whose indirect utility is given by the standard Salop consumer surplus. This result provides a further unification of location and representative consumer models.Nova SBERUNHoernig, Steffen2019-10-01T09:29:54Z2015-07-032015-07-03T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/82836engHoernig, Steffen, Three Equivalent Salop Models and their Normative Representative Consumer (July, 2015). FEUNL Working Paper Series No. 593info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:36:47Zoai:run.unl.pt:10362/82836Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:13.042185Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Three Equivalent Salop Models and their Normative Representative Consumer
title Three Equivalent Salop Models and their Normative Representative Consumer
spellingShingle Three Equivalent Salop Models and their Normative Representative Consumer
Hoernig, Steffen
Salop model
Representative consumer
title_short Three Equivalent Salop Models and their Normative Representative Consumer
title_full Three Equivalent Salop Models and their Normative Representative Consumer
title_fullStr Three Equivalent Salop Models and their Normative Representative Consumer
title_full_unstemmed Three Equivalent Salop Models and their Normative Representative Consumer
title_sort Three Equivalent Salop Models and their Normative Representative Consumer
author Hoernig, Steffen
author_facet Hoernig, Steffen
author_role author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Hoernig, Steffen
dc.subject.por.fl_str_mv Salop model
Representative consumer
topic Salop model
Representative consumer
description We show that three location models on the Salop circle, involving linear or quadratic transport cost, and asymmetric locations or fixed benefits, are equivalent: they lead to the same demand functions and consumer surplus. The only exception is the case of asymmetric locations with an even number of firms, which has one less degree of freedom. These models are also fully equivalent to a normative representative consumer whose indirect utility is given by the standard Salop consumer surplus. This result provides a further unification of location and representative consumer models.
publishDate 2015
dc.date.none.fl_str_mv 2015-07-03
2015-07-03T00:00:00Z
2019-10-01T09:29:54Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/82836
url http://hdl.handle.net/10362/82836
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Hoernig, Steffen, Three Equivalent Salop Models and their Normative Representative Consumer (July, 2015). FEUNL Working Paper Series No. 593
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Nova SBE
publisher.none.fl_str_mv Nova SBE
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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