Payoff interdependence and the multi-store paradox
Payoff interdependence and the multi-store paradox
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DOI：
10.1080/16081625.2016.1188447
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发表时间：
2016-05
影响因子：
1.1
通讯作者：
Kosuke Hirose;Toshihiro Matsumura
中科院分区：
文献类型：
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作者：
Kosuke Hirose;Toshihiro Matsumura
我们通过引入企业之间的相互依赖收益来解决多店悖论。我们表明，除非支付相互依赖的程度很低，否则企业会设立多个商店。我们还证明，如果支付相互依赖的程度是中间的，则存在多重均衡，即交织和邻近的位置均衡。
We solve the multi-store paradox by introducing interdependent payoffs between the firms. We show that firms set up multiple stores unless the degree of payoff interdependence is low. We also show that multiple equilibria, namely intertwined and neighboring location equilibria, exist if the degree of payoff interdependence is intermediate.