Hotelling Competition, Market Shares, and the Gamma Distribution
For any symmetric equilibrium of Hotelling’s pure location game I show that as the number of firms becomes large, the distribution of market shares becomes a Gamma(2; 2) regardless of the distribution of consumers.
Date:
31 October 2017, 12:45 (Tuesday, 4th week, Michaelmas 2017)
Venue:
Nuffield College, New Road OX1 1NF
Venue Details:
Butler Room
Speaker:
Bassel Tarbush (University of Oxford)
Organising department:
Department of Economics
Part of:
Economic Theory Workshop
Booking required?:
Not required
Audience:
Members of the University only
Editors:
Erin Saunders,
Anne Pouliquen
