Buyer–seller interaction in experimental spatial markets

We report results from experimental spatial markets with endogenous buyer location on a discrete version of Hotelling's linear city. Buyer locations favor more often the hypothesis of transportation cost minimization than that of strategic location aimed at increasing price competition between...

Full description

Saved in:
Bibliographic Details
Published inRegional science and urban economics Vol. 35; no. 2; pp. 89 - 108
Main Authors Camacho-Cuena, Eva, Garcı́a-Gallego, Aurora, Georgantzı́s, Nikolaos, Sabater-Grande, Gerardo
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.03.2005
Elsevier
Elsevier Sequoia S.A
SeriesRegional Science and Urban Economics
Subjects
Agglomeration
Buyers
Cities
Competition
Costs
Data analysis
Differentiation
Economic geography
Economic theory
Endogenous
Experimental economics
Experimental spatial markets
Industrial economics
Intermediate good markets
Location analysis
Location of enterprises
Market entry
Market structure
Markets
Microeconomics
Minimization
Product design
Regional studies
Spatial models
Studies
Transport
Transport costs
Transportation costs
Two-vendor policy
Intermediate good markets
Two-vendor policy
Transportation costs
Agglomeration
C91
L10
Experimental spatial markets
Online AccessGet full text
ISSN0166-0462
1879-2308
DOI10.1016/j.regsciurbeco.2003.10.002

Cover

Abstract We report results from experimental spatial markets with endogenous buyer location on a discrete version of Hotelling's linear city. Buyer locations favor more often the hypothesis of transportation cost minimization than that of strategic location aimed at increasing price competition between sellers. However, the latter of the two hypotheses receives systematic support too. Differentiation by seller-subjects is substantially less than the theory would predict for the specific framework used. Our results suggest that location strategies adopted by subjects can be seen as a rational process favoring conservative product design and spatial agglomeration of economic activities.
AbstractList We report results from experimental spatial markets with endogenous buyer location on a discrete version of Hotelling's linear city. Buyer locations favor more often the hypothesis of transportation cost minimization than that of strategic location aimed at increasing price competition between sellers. However, the latter of the two hypotheses receives systematic support too. Differentiation by seller-subjects is substantially less than the theory would predict for the specific framework used. Our results suggest that location strategies adopted by subjects can be seen as a rational process favoring conservative product design and spatial agglomeration of economic activities. [PUBLICATION ABSTRACT]
We report results from experimental spatial markets with endogenous buyer location on a discrete version of Hotelling's linear city. Buyer locations favor more often the hypothesis of transportation cost minimization than that of strategic location aimed at increasing price competition between sellers. However, the latter of the two hypotheses receives systematic support too. Differentiation by seller-subjects is substantially less than the theory would predict for the specific framework used. Our results suggest that location strategies adopted by subjects can be seen as a rational process favoring conservative product design and spatial agglomeration of economic activities.
Author Camacho-Cuena, Eva
Garcı́a-Gallego, Aurora
Georgantzı́s, Nikolaos
Sabater-Grande, Gerardo
Author_xml – sequence: 1
  givenname: Eva
  surname: Camacho-Cuena
  fullname: Camacho-Cuena, Eva
– sequence: 2
  givenname: Aurora
  surname: Garcı́a-Gallego
  fullname: Garcı́a-Gallego, Aurora
– sequence: 3
  givenname: Nikolaos
  surname: Georgantzı́s
  fullname: Georgantzı́s, Nikolaos
  email: georgant@eco.uji.es
– sequence: 4
  givenname: Gerardo
  surname: Sabater-Grande
  fullname: Sabater-Grande, Gerardo
BackLink http://econpapers.repec.org/article/eeeregeco/v_3a35_3ay_3a2005_3ai_3a2_3ap_3a89-108.htm$$DView record in RePEc
BookMark eNqNUctOwzAQtFCRKIV_qHrgluJHHg4noDylSlzgbDnuBlzSJNhORW_8A3_Il7BRQUKcKmu9K3t2NDt7SAZ1UwMhE0anjLL0dDl18OyN7VwBpplySgV-TCnle2TIZJZHXFA5IEMEpxGNU35ADr1fUooPXAzJ2WW3Aff18emhqsCNbR3AaRNsU2M9hvcWnF1BHXQ19q0OFvNKu1cI_ojsl7rycPyTR-Tp5vpxdhfNH27vZxfzyCSMhijJ4qzQJUtYGheFzNNcML0oRJItdMxkmoDMSs5NgqJ5WRha4pElL1kMXGoQI3Ky5W1d89aBD2plvUG5uoam80pIxmORCQRO_gGXTedq1KZ4bwPPM4ag-y3IQQtGtTiddhsFAOgkeqjWSmiR4LXBQEP70vYlRoshc8WoVC9hhVznWy7jGu8dlMrYoHvvgtO2Qpzqt6SW6u-WVL-l_g8HRoqzfxS_inZqvto2A9q_tuAU4qA2sLAOTFCLxu5C8w3L4rgc
CODEN RGUEA3
CitedBy_id crossref_primary_10_1111_joes_12025
crossref_primary_10_1016_j_socec_2023_102109
crossref_primary_10_1111_ecin_13110
crossref_primary_10_1016_j_ijindorg_2010_02_001
crossref_primary_10_2139_ssrn_3508762
crossref_primary_10_1007_s10100_006_0015_6
crossref_primary_10_1111_jems_12517
crossref_primary_10_2139_ssrn_859927
crossref_primary_10_2139_ssrn_1089234
crossref_primary_10_3917_reco_706_0967
crossref_primary_10_2139_ssrn_4012695
crossref_primary_10_1016_j_ijindorg_2007_05_007
crossref_primary_10_1068_b32150
crossref_primary_10_2139_ssrn_1692346
crossref_primary_10_1016_j_econmod_2015_12_028
Cites_doi 10.1016/0167-7187(91)90023-E
10.1016/S0167-2681(99)00090-6
10.2307/1923993
10.2307/2950466
10.1016/S0167-2681(97)00109-1
10.1016/0167-7187(95)00509-9
10.1016/S0167-2681(98)00040-7
10.2307/2297958
10.2307/2224214
10.1007/s001820050102
10.1016/0167-7187(94)00451-7
10.1093/ei/40.2.231
10.1016/0167-7187(92)90043-X
10.2307/2297136
10.2307/2555880
10.1016/S0167-7187(99)00027-2
10.1111/j.1465-7295.2000.tb00005.x
10.1016/S0165-1765(97)00279-6
10.2307/2297721
10.2307/1911955
10.1016/S0167-7187(99)00034-X
10.2307/3003323
10.2307/1886069
10.2307/2527142
10.1111/j.1465-7295.1993.tb00872.x
ContentType Journal Article
Copyright 2004 Elsevier B.V.
Copyright Elsevier Sequoia S.A. Mar 2005
Copyright_xml – notice: 2004 Elsevier B.V.
– notice: Copyright Elsevier Sequoia S.A. Mar 2005
DBID AAYXX
CITATION
DKI
X2L
8BJ
FQK
JBE
DOI 10.1016/j.regsciurbeco.2003.10.002
DatabaseName CrossRef
RePEc IDEAS
RePEc
International Bibliography of the Social Sciences (IBSS)
International Bibliography of the Social Sciences
International Bibliography of the Social Sciences
DatabaseTitle CrossRef
International Bibliography of the Social Sciences (IBSS)
DatabaseTitleList International Bibliography of the Social Sciences (IBSS)
Database_xml – sequence: 1
  dbid: DKI
  name: RePEc IDEAS
  url: http://ideas.repec.org/
  sourceTypes: Index Database
DeliveryMethod fulltext_linktorsrc
Discipline Economics
Sociology & Social History
EISSN 1879-2308
EndPage 108
ExternalDocumentID 815906751
eeeregeco_v_3a35_3ay_3a2005_3ai_3a2_3ap_3a89_108_htm
10_1016_j_regsciurbeco_2003_10_002
S0166046204000134
GroupedDBID --K
--M
--Z
-~X
.~1
0R~
123
1B1
1OL
1RT
1~.
1~5
29P
3R3
4.4
457
4G.
5VS
7-5
71M
8P~
9JO
9M8
AABCJ
AACTN
AAEDT
AAEDW
AAFFL
AAFJI
AAIAV
AAIKJ
AAKOC
AALRI
AAOAW
AAPFB
AAQFI
AAQXK
AAXUO
ABCQX
ABEHJ
ABFNM
ABFRF
ABJNI
ABMAC
ABXDB
ABYKQ
ACDAQ
ACGFO
ACGFS
ACHQT
ACNCT
ACRLP
ACROA
ADBBV
ADEZE
ADFHU
ADIYS
ADMUD
AEBSH
AEFWE
AEKER
AETEA
AEYQN
AFKWA
AFODL
AFRAH
AFTJW
AGHFR
AGTHC
AGUBO
AGYEJ
AHHHB
AIEXJ
AIIAU
AIKHN
AITUG
AJBFU
AJOXV
AJWLA
AKYCK
ALMA_UNASSIGNED_HOLDINGS
AMFUW
AMRAJ
AOMHK
ASPBG
AVARZ
AVWKF
AXJTR
AXLSJ
AZFZN
BEHZQ
BEZPJ
BGSCR
BKOJK
BKOMP
BLXMC
BNTGB
BPUDD
BULVW
BZJEE
CS3
DU5
EBS
EFJIC
EFLBG
EJD
EO8
EO9
EP2
EP3
F5P
FDB
FEDTE
FGOYB
FIRID
FNPLU
FYGXN
G-2
G-Q
GBLVA
HMB
HVGLF
HZ~
IHE
IXIXF
J1W
KOM
L7B
LPU
LY5
M41
MO0
MS~
N9A
O-L
O9-
OAUVE
OHT
OZT
P-8
P-9
P2P
PC.
PQQKQ
PRBVW
Q38
R2-
RIG
ROL
RPZ
RXW
SCU
SDF
SDG
SDP
SEB
SEE
SES
SEW
SPCBC
SSB
SSF
SSO
SSZ
T5K
TAE
TN5
UNMZH
UQL
WH7
WUQ
YK3
~G-
AATTM
AAXKI
AAYWO
AAYXX
ABWVN
ACRPL
ACVFH
ADCNI
ADMHG
ADNMO
AEIPS
AEUPX
AFJKZ
AFPUW
AFXIZ
AGCQF
AGQPQ
AGRNS
AIGII
AIIUN
AKBMS
AKRWK
AKYEP
ANKPU
APXCP
BNPGV
CITATION
SSH
08R
0R
1
8P
AALRV
ABFLS
ADALY
DKI
G-
HZ
IPNFZ
K
M
MS
PQEST
X
X2L
Z
ZY4
8BJ
EFKBS
FQK
JBE
ID FETCH-LOGICAL-c510t-5747baf15164bb896931adb357da41865e87f22c50022fbc0f0f08f2f14e28ae3
IEDL.DBID .~1
ISSN 0166-0462
IngestDate Fri Sep 05 09:27:18 EDT 2025
Sat Sep 06 14:01:53 EDT 2025
Wed Aug 18 04:17:26 EDT 2021
Tue Jul 01 02:30:10 EDT 2025
Thu Apr 24 23:10:04 EDT 2025
Fri Feb 23 02:17:27 EST 2024
IsPeerReviewed true
IsScholarly true
Issue 2
Keywords Intermediate good markets
Two-vendor policy
Transportation costs
Agglomeration
C91
L10
Experimental spatial markets
Language English
License https://www.elsevier.com/tdm/userlicense/1.0
LinkModel DirectLink
MergedId FETCHMERGED-LOGICAL-c510t-5747baf15164bb896931adb357da41865e87f22c50022fbc0f0f08f2f14e28ae3
Notes ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 14
ObjectType-Article-2
ObjectType-Feature-1
content type line 23
PQID 223082971
PQPubID 44921
PageCount 20
ParticipantIDs proquest_miscellaneous_38124373
proquest_journals_223082971
repec_primary_eeeregeco_v_3a35_3ay_3a2005_3ai_3a2_3ap_3a89_108_htm
crossref_citationtrail_10_1016_j_regsciurbeco_2003_10_002
crossref_primary_10_1016_j_regsciurbeco_2003_10_002
elsevier_sciencedirect_doi_10_1016_j_regsciurbeco_2003_10_002
ProviderPackageCode CITATION
AAYXX
PublicationCentury 2000
PublicationDate 2005-03-01
PublicationDateYYYYMMDD 2005-03-01
PublicationDate_xml – month: 03
  year: 2005
  text: 2005-03-01
  day: 01
PublicationDecade 2000
PublicationPlace Amsterdam
PublicationPlace_xml – name: Amsterdam
PublicationSeriesTitle Regional Science and Urban Economics
PublicationTitle Regional science and urban economics
PublicationYear 2005
Publisher Elsevier B.V
Elsevier
Elsevier Sequoia S.A
Publisher_xml – name: Elsevier B.V
– name: Elsevier
– name: Elsevier Sequoia S.A
References Chang (BIB8) 1992; 4
Collins, Sherstyuk (BIB10) 2000; 38
d'Aspremont, Gabszewicz, Thisse (BIB11) 1979; 47
Brown-Kruse, Schenk (BIB5) 2000; 18
Rassenti, Reynolds, Smith, Szidarovszky (BIB32) 2000; 41
Boal, Ransom (BIB2) 1997; 35
Chang (BIB7) 1991; 3
Offerman, Sonnemans (BIB31) 1998; 34
Snyder (BIB36) 1996; 27
Dudey (BIB15) 1993; 41
Ross (BIB33) 1992; 10
Ethier (BIB40) 1982; 72
Barreda, I., Garcı́a-Gallego, A., Georgantzı́s, N., Andaluz, J., Gil, A., 2000. Price Competition and Product Differentiation: Experimental Evidence, LINEEX Working Papers 16/00.
Garcı́a-Gallego, Georgantzı́s (BIB20) 2001; 19
Fujita, Thisse (BIB18) 1986; 53
Duffy, Feltovich (BIB16) 1999; 28
Garcı́a-Gallego (BIB19) 1998; 35
Helpman, Krugman (BIB25) 1985
Thisse, Vives (BIB39) 1988; 78
Stole, Zwiebel (BIB38) 1996; 86
Garcı́a-Gallego, Georgantzı́s, Orts-Rı́os (BIB21) 1995
Häckner (BIB24) 1996; 14
Brooks (BIB4) 1973; 1
Deneckere, Rothschild (BIB12) 1992; 59
Häkner (BIB23) 1995; 13
Huck, Müller, Vriend (BIB28) 2002; 40
Clevenger, Campbell (BIB9) 1977; 5
.
Snyder (BIB37) 1998; 58
Farrell, Gallini (BIB17) 1988; 103
McGuckin, Chen (BIB30) 1976; 4
Dudey (BIB14) 1990; 80
Dixit, Stiglitz (BIB13) 1977; 67
Garcı́a-Gallego, Georgantzı́s, Orts-Rı́os (BIB22) 2001; 11
Brown-Kruse, Cronshaw, Schenk (BIB6) 1993; 31
Shaked, Sutton (BIB35) 1982; 49
Hotelling (BIB27) 1929; 39
Bosch-Domènech, A., Vriend, N.J., 1999. Imitation of Successful Behavior in Cournot Markets, Economics Working Paper 269, Universitat Pompeu Fabra, Barcelona, Spain.
Salop (BIB34) 1979; 10
Lustgarten (BIB29) 1975; 57
McGuckin (10.1016/j.regsciurbeco.2003.10.002_BIB30) 1976; 4
Clevenger (10.1016/j.regsciurbeco.2003.10.002_BIB9) 1977; 5
Fujita (10.1016/j.regsciurbeco.2003.10.002_BIB18) 1986; 53
Garcı́a-Gallego (10.1016/j.regsciurbeco.2003.10.002_BIB21) 1995
Rassenti (10.1016/j.regsciurbeco.2003.10.002_BIB32) 2000; 41
Chang (10.1016/j.regsciurbeco.2003.10.002_BIB7) 1991; 3
Garcı́a-Gallego (10.1016/j.regsciurbeco.2003.10.002_BIB20) 2001; 19
Huck (10.1016/j.regsciurbeco.2003.10.002_BIB28) 2002; 40
Thisse (10.1016/j.regsciurbeco.2003.10.002_BIB39) 1988; 78
Offerman (10.1016/j.regsciurbeco.2003.10.002_BIB31) 1998; 34
Boal (10.1016/j.regsciurbeco.2003.10.002_BIB2) 1997; 35
Snyder (10.1016/j.regsciurbeco.2003.10.002_BIB36) 1996; 27
Häkner (10.1016/j.regsciurbeco.2003.10.002_BIB23) 1995; 13
Deneckere (10.1016/j.regsciurbeco.2003.10.002_BIB12) 1992; 59
Brown-Kruse (10.1016/j.regsciurbeco.2003.10.002_BIB6) 1993; 31
Brooks (10.1016/j.regsciurbeco.2003.10.002_BIB4) 1973; 1
Chang (10.1016/j.regsciurbeco.2003.10.002_BIB8) 1992; 4
d'Aspremont (10.1016/j.regsciurbeco.2003.10.002_BIB11) 1979; 47
Helpman (10.1016/j.regsciurbeco.2003.10.002_BIB25) 1985
Dudey (10.1016/j.regsciurbeco.2003.10.002_BIB15) 1993; 41
Stole (10.1016/j.regsciurbeco.2003.10.002_BIB38) 1996; 86
Salop (10.1016/j.regsciurbeco.2003.10.002_BIB34) 1979; 10
Dixit (10.1016/j.regsciurbeco.2003.10.002_BIB13) 1977; 67
Dudey (10.1016/j.regsciurbeco.2003.10.002_BIB14) 1990; 80
Ethier (10.1016/j.regsciurbeco.2003.10.002_BIB40) 1982; 72
Farrell (10.1016/j.regsciurbeco.2003.10.002_BIB17) 1988; 103
Shaked (10.1016/j.regsciurbeco.2003.10.002_BIB35) 1982; 49
Snyder (10.1016/j.regsciurbeco.2003.10.002_BIB37) 1998; 58
Hotelling (10.1016/j.regsciurbeco.2003.10.002_BIB27) 1929; 39
Lustgarten (10.1016/j.regsciurbeco.2003.10.002_BIB29) 1975; 57
Duffy (10.1016/j.regsciurbeco.2003.10.002_BIB16) 1999; 28
10.1016/j.regsciurbeco.2003.10.002_BIB3
Collins (10.1016/j.regsciurbeco.2003.10.002_BIB10) 2000; 38
Garcı́a-Gallego (10.1016/j.regsciurbeco.2003.10.002_BIB22) 2001; 11
Häckner (10.1016/j.regsciurbeco.2003.10.002_BIB24) 1996; 14
10.1016/j.regsciurbeco.2003.10.002_BIB1
Brown-Kruse (10.1016/j.regsciurbeco.2003.10.002_BIB5) 2000; 18
Ross (10.1016/j.regsciurbeco.2003.10.002_BIB33) 1992; 10
Garcı́a-Gallego (10.1016/j.regsciurbeco.2003.10.002_BIB19) 1998; 35
References_xml – volume: 5
  start-page: 60
  year: 1977
  end-page: 66
  ident: BIB9
  article-title: Vertical organization: a neglected element in market structure–profit models
  publication-title: Industrial Organization Review
– volume: 10
  start-page: 1
  year: 1992
  end-page: 13
  ident: BIB33
  article-title: Cartel stability and product differentiation
  publication-title: International Journal of Industrial Organization
– volume: 34
  start-page: 559
  year: 1998
  end-page: 576
  ident: BIB31
  article-title: Learning by experience and learning by imitating successfully others
  publication-title: Journal of Economic Behavior and Organization
– volume: 31
  start-page: 139
  year: 1993
  end-page: 165
  ident: BIB6
  article-title: Theory and experiments on spatial competition
  publication-title: Economic Inquiry
– volume: 41
  start-page: 323
  year: 1993
  end-page: 331
  ident: BIB15
  article-title: A note on consumer search, firm location choice and welfare
  publication-title: Journal of Industrial Economics
– year: 1985
  ident: BIB25
  article-title: Market Structure and Foreign Trade
– volume: 78
  start-page: 122
  year: 1988
  end-page: 137
  ident: BIB39
  article-title: On the strategic choice of spatial price policy
  publication-title: American Economic Review
– volume: 47
  start-page: 1145
  year: 1979
  end-page: 1150
  ident: BIB11
  article-title: On Hotelling's stability in competition
  publication-title: Econometrica
– volume: 80
  start-page: 1092
  year: 1990
  end-page: 1104
  ident: BIB14
  article-title: Competition by choice: the effect of consumer search on firm location
  publication-title: American Economic Review
– volume: 58
  start-page: 205
  year: 1998
  end-page: 209
  ident: BIB37
  article-title: Why do large buyers pay lower prices? Intense supplier competition
  publication-title: Economics Letters
– volume: 103
  start-page: 673
  year: 1988
  end-page: 694
  ident: BIB17
  article-title: Second-sourcing as a commitment: monopoly incentives to attract competition
  publication-title: Quarterly Journal of Economics
– volume: 4
  start-page: 123
  year: 1976
  end-page: 133
  ident: BIB30
  article-title: Interaction between buyer and seller concentration and industry price–cost margins
  publication-title: Industrial Organization Review
– reference: Barreda, I., Garcı́a-Gallego, A., Georgantzı́s, N., Andaluz, J., Gil, A., 2000. Price Competition and Product Differentiation: Experimental Evidence, LINEEX Working Papers 16/00.
– volume: 18
  start-page: 59
  year: 2000
  end-page: 80
  ident: BIB5
  article-title: Location, cooperation and communication: an experimental examination
  publication-title: International Journal of Industrial Organization
– volume: 59
  start-page: 361
  year: 1992
  end-page: 373
  ident: BIB12
  article-title: Monopolistic competition and preference diversity
  publication-title: Review of Economic Studies
– volume: 35
  start-page: 86
  year: 1997
  end-page: 112
  ident: BIB2
  article-title: Monopsony in the labor market
  publication-title: Journal of Economic Literature
– volume: 13
  start-page: 277
  year: 1995
  end-page: 299
  ident: BIB23
  article-title: Endogenous product design in a infinitely repeated game
  publication-title: International Journal of Industrial Organization
– volume: 40
  start-page: 231
  year: 2002
  end-page: 240
  ident: BIB28
  article-title: The east end, the west end, and king's cross: on clustering in the four-player Hotelling game
  publication-title: Economic Inquiry
– volume: 27
  start-page: 747
  year: 1996
  end-page: 769
  ident: BIB36
  article-title: A dynamic theory of countervailing power
  publication-title: Rand Journal of Economics
– volume: 10
  start-page: 559
  year: 1979
  end-page: 576
  ident: BIB34
  article-title: Monopolistic competition with outside goods
  publication-title: Bell Journal of Economics
– volume: 39
  start-page: 41
  year: 1929
  end-page: 57
  ident: BIB27
  article-title: Stability in competition
  publication-title: Economic Journal
– volume: 28
  start-page: 131
  year: 1999
  end-page: 152
  ident: BIB16
  article-title: Does observation of others affect learning in strategic environments? An experimental study
  publication-title: International Journal of Game Theory
– volume: 49
  start-page: 3
  year: 1982
  end-page: 13
  ident: BIB35
  article-title: Relaxing price competition through product differentiation
  publication-title: Review of Economic Studies
– volume: 67
  start-page: 297
  year: 1977
  end-page: 308
  ident: BIB13
  article-title: Monopolistic competition and optimum product diversity
  publication-title: American Economic Review
– volume: 11
  start-page: 123
  year: 2001
  end-page: 139
  ident: BIB22
  article-title: Endogenous retailer preferences in intermediate good markets
  publication-title: International Review of Retail Distribution and Consumer Research
– volume: 41
  start-page: 117
  year: 2000
  end-page: 146
  ident: BIB32
  article-title: Adaptation and convergence of behavior in repeated experimental Cournot games
  publication-title: Journal of Economic Behavior and Organization
– volume: 72
  start-page: 389
  year: 1982
  end-page: 405
  ident: BIB40
  article-title: National and international returns to scale in the modern theory of international trade
  publication-title: American Economic Review
– volume: 57
  start-page: 125
  year: 1975
  end-page: 132
  ident: BIB29
  article-title: The impact of buyer concentration in manufacturing industries
  publication-title: The Review of Economics and Statistics
– reference: Bosch-Domènech, A., Vriend, N.J., 1999. Imitation of Successful Behavior in Cournot Markets, Economics Working Paper 269, Universitat Pompeu Fabra, Barcelona, Spain.
– volume: 38
  start-page: 73
  year: 2000
  end-page: 94
  ident: BIB10
  article-title: Spatial competition with three firms: an experimental study
  publication-title: Economic Inquiry
– volume: 53
  start-page: 819
  year: 1986
  end-page: 841
  ident: BIB18
  article-title: Spatial competition with a land market: Hotelling and von Thunen unified
  publication-title: Review of Economic Studies
– volume: 86
  start-page: 195
  year: 1996
  end-page: 222
  ident: BIB38
  article-title: Organizational design and technology choice under interfirm bargaining
  publication-title: American Economic Review
– volume: 35
  start-page: 333
  year: 1998
  end-page: 335
  ident: BIB19
  article-title: Oligopoly experimentation of learning with simulated markets
  publication-title: Journal of Economic Behavior and Organization
– volume: 3
  start-page: 453
  year: 1991
  end-page: 470
  ident: BIB7
  article-title: The effects of product differentiation on collusive pricing
  publication-title: International Journal of Industrial Organization
– volume: 4
  start-page: 773
  year: 1992
  end-page: 793
  ident: BIB8
  article-title: Intertemporal product choice and its effects on collusive firm behavior
  publication-title: International Economic Review
– year: 1995
  ident: BIB21
  article-title: Strategic Consumer Location in Spatial Competition Models
– volume: 1
  start-page: 151
  year: 1973
  end-page: 163
  ident: BIB4
  article-title: Buyer concentration: a forgotten element in market structure models
  publication-title: Industrial Organization Review
– volume: 14
  start-page: 611
  year: 1996
  end-page: 630
  ident: BIB24
  article-title: Optimal symmetric punishments in a Bertrand differentiated products duopoly
  publication-title: International Journal of Industrial Organization
– volume: 19
  start-page: 493
  year: 2001
  end-page: 518
  ident: BIB20
  article-title: Multiproduct activity in an experimental differentiated oligopoly
  publication-title: International Journal of Industrial Organization
– reference: .
– ident: 10.1016/j.regsciurbeco.2003.10.002_BIB1
– volume: 67
  start-page: 297
  year: 1977
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB13
  article-title: Monopolistic competition and optimum product diversity
  publication-title: American Economic Review
– ident: 10.1016/j.regsciurbeco.2003.10.002_BIB3
– volume: 3
  start-page: 453
  year: 1991
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB7
  article-title: The effects of product differentiation on collusive pricing
  publication-title: International Journal of Industrial Organization
  doi: 10.1016/0167-7187(91)90023-E
– volume: 78
  start-page: 122
  year: 1988
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB39
  article-title: On the strategic choice of spatial price policy
  publication-title: American Economic Review
– volume: 41
  start-page: 117
  year: 2000
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB32
  article-title: Adaptation and convergence of behavior in repeated experimental Cournot games
  publication-title: Journal of Economic Behavior and Organization
  doi: 10.1016/S0167-2681(99)00090-6
– year: 1995
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB21
– volume: 57
  start-page: 125
  year: 1975
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB29
  article-title: The impact of buyer concentration in manufacturing industries
  publication-title: The Review of Economics and Statistics
  doi: 10.2307/1923993
– volume: 11
  start-page: 123
  year: 2001
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB22
  article-title: Endogenous retailer preferences in intermediate good markets
  publication-title: International Review of Retail Distribution and Consumer Research
– volume: 4
  start-page: 123
  year: 1976
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB30
  article-title: Interaction between buyer and seller concentration and industry price–cost margins
  publication-title: Industrial Organization Review
– volume: 41
  start-page: 323
  year: 1993
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB15
  article-title: A note on consumer search, firm location choice and welfare
  publication-title: Journal of Industrial Economics
  doi: 10.2307/2950466
– volume: 34
  start-page: 559
  year: 1998
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB31
  article-title: Learning by experience and learning by imitating successfully others
  publication-title: Journal of Economic Behavior and Organization
  doi: 10.1016/S0167-2681(97)00109-1
– volume: 14
  start-page: 611
  year: 1996
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB24
  article-title: Optimal symmetric punishments in a Bertrand differentiated products duopoly
  publication-title: International Journal of Industrial Organization
  doi: 10.1016/0167-7187(95)00509-9
– volume: 86
  start-page: 195
  year: 1996
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB38
  article-title: Organizational design and technology choice under interfirm bargaining
  publication-title: American Economic Review
– volume: 35
  start-page: 333
  year: 1998
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB19
  article-title: Oligopoly experimentation of learning with simulated markets
  publication-title: Journal of Economic Behavior and Organization
  doi: 10.1016/S0167-2681(98)00040-7
– volume: 80
  start-page: 1092
  year: 1990
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB14
  article-title: Competition by choice: the effect of consumer search on firm location
  publication-title: American Economic Review
– volume: 59
  start-page: 361
  year: 1992
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB12
  article-title: Monopolistic competition and preference diversity
  publication-title: Review of Economic Studies
  doi: 10.2307/2297958
– volume: 39
  start-page: 41
  year: 1929
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB27
  article-title: Stability in competition
  publication-title: Economic Journal
  doi: 10.2307/2224214
– volume: 28
  start-page: 131
  year: 1999
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB16
  article-title: Does observation of others affect learning in strategic environments? An experimental study
  publication-title: International Journal of Game Theory
  doi: 10.1007/s001820050102
– volume: 13
  start-page: 277
  year: 1995
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB23
  article-title: Endogenous product design in a infinitely repeated game
  publication-title: International Journal of Industrial Organization
  doi: 10.1016/0167-7187(94)00451-7
– volume: 40
  start-page: 231
  year: 2002
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB28
  article-title: The east end, the west end, and king's cross: on clustering in the four-player Hotelling game
  publication-title: Economic Inquiry
  doi: 10.1093/ei/40.2.231
– volume: 10
  start-page: 1
  year: 1992
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB33
  article-title: Cartel stability and product differentiation
  publication-title: International Journal of Industrial Organization
  doi: 10.1016/0167-7187(92)90043-X
– year: 1985
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB25
– volume: 1
  start-page: 151
  year: 1973
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB4
  article-title: Buyer concentration: a forgotten element in market structure models
  publication-title: Industrial Organization Review
– volume: 49
  start-page: 3
  year: 1982
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB35
  article-title: Relaxing price competition through product differentiation
  publication-title: Review of Economic Studies
  doi: 10.2307/2297136
– volume: 35
  start-page: 86
  year: 1997
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB2
  article-title: Monopsony in the labor market
  publication-title: Journal of Economic Literature
– volume: 27
  start-page: 747
  year: 1996
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB36
  article-title: A dynamic theory of countervailing power
  publication-title: Rand Journal of Economics
  doi: 10.2307/2555880
– volume: 19
  start-page: 493
  year: 2001
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB20
  article-title: Multiproduct activity in an experimental differentiated oligopoly
  publication-title: International Journal of Industrial Organization
  doi: 10.1016/S0167-7187(99)00027-2
– volume: 38
  start-page: 73
  year: 2000
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB10
  article-title: Spatial competition with three firms: an experimental study
  publication-title: Economic Inquiry
  doi: 10.1111/j.1465-7295.2000.tb00005.x
– volume: 5
  start-page: 60
  year: 1977
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB9
  article-title: Vertical organization: a neglected element in market structure–profit models
  publication-title: Industrial Organization Review
– volume: 58
  start-page: 205
  year: 1998
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB37
  article-title: Why do large buyers pay lower prices? Intense supplier competition
  publication-title: Economics Letters
  doi: 10.1016/S0165-1765(97)00279-6
– volume: 53
  start-page: 819
  year: 1986
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB18
  article-title: Spatial competition with a land market: Hotelling and von Thunen unified
  publication-title: Review of Economic Studies
  doi: 10.2307/2297721
– volume: 47
  start-page: 1145
  year: 1979
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB11
  article-title: On Hotelling's stability in competition
  publication-title: Econometrica
  doi: 10.2307/1911955
– volume: 18
  start-page: 59
  year: 2000
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB5
  article-title: Location, cooperation and communication: an experimental examination
  publication-title: International Journal of Industrial Organization
  doi: 10.1016/S0167-7187(99)00034-X
– volume: 72
  start-page: 389
  year: 1982
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB40
  article-title: National and international returns to scale in the modern theory of international trade
  publication-title: American Economic Review
– volume: 10
  start-page: 559
  year: 1979
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB34
  article-title: Monopolistic competition with outside goods
  publication-title: Bell Journal of Economics
  doi: 10.2307/3003323
– volume: 103
  start-page: 673
  year: 1988
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB17
  article-title: Second-sourcing as a commitment: monopoly incentives to attract competition
  publication-title: Quarterly Journal of Economics
  doi: 10.2307/1886069
– volume: 4
  start-page: 773
  year: 1992
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB8
  article-title: Intertemporal product choice and its effects on collusive firm behavior
  publication-title: International Economic Review
  doi: 10.2307/2527142
– volume: 31
  start-page: 139
  year: 1993
  ident: 10.1016/j.regsciurbeco.2003.10.002_BIB6
  article-title: Theory and experiments on spatial competition
  publication-title: Economic Inquiry
  doi: 10.1111/j.1465-7295.1993.tb00872.x
SSID ssj0001623
Score 1.7406504
Snippet We report results from experimental spatial markets with endogenous buyer location on a discrete version of Hotelling's linear city. Buyer locations favor more...
SourceID proquest
repec
crossref
elsevier
SourceType Aggregation Database
Index Database
Enrichment Source
Publisher
StartPage 89
SubjectTerms Agglomeration
Buyers
Cities
Competition
Costs
Data analysis
Differentiation
Economic geography
Economic theory
Endogenous
Experimental economics
Experimental spatial markets
Industrial economics
Intermediate good markets
Location analysis
Location of enterprises
Market entry
Market structure
Markets
Microeconomics
Minimization
Product design
Regional studies
Spatial models
Studies
Transport
Transport costs
Transportation costs
Two-vendor policy
Title Buyer–seller interaction in experimental spatial markets
URI https://dx.doi.org/10.1016/j.regsciurbeco.2003.10.002
http://econpapers.repec.org/article/eeeregeco/v_3a35_3ay_3a2005_3ai_3a2_3ap_3a89-108.htm
https://www.proquest.com/docview/223082971
https://www.proquest.com/docview/38124373
Volume 35
hasFullText 1
inHoldings 1
isFullTextHit
isPrint
link http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwpV3LToQwFL0xutCN8RlnfLEw7nCmtBQwceEzo0Y3auKuKVB0jI4TmDFxY_wH_9Av8d4C47gwMTGkwAyUQuntPcA9pwBbmst2kJjIzRA_uCKNmBsy37hCxqknYnQpmojCF5eycyPObv3bCTisuTAUVln1_WWfbnvr6p9WVZutfrfbukKwIolaSc0QgQxpggoRUFvfefsO82DSDvFGO1MYo1cLj9oYr9zc4aGHOV6IJQLyHRvp5f3mpMZA6FRu-iYZ80UnczBbgUhnvzzPeZgwvQWYrjnGxQI0RzwUZ9spGbhOKQjyugi7B0PE2Z_vHwW9tM8dUozIS34Drjvjmv9OQQHXuHyy5OhiCW5Ojq8PO241hIKboLENXB-fFmKdoVuXIo7DSEac6TTmfpBqwULpmzDIPC_xyZdncdLOcAozL2PCeKE2fBkme889swIOGm47FaGMiLfAUqa5SNKUMW10kKBdNyCq60wllb44DXPxqOpAsgc1Xt80ACanbVh0A_gob79U2fhTrr361qgfbUahO_hT_tX6fqrKcguFcMnSjVkDNkdb0eToO4rumedhoTiBIh7wBhzYRjA6ZWMMlkWlvCiuuY-zV0z04g4XXVrF1McURqTMqu4HT81_XsQqzFg1WRsWtwaTg3xo1hEnDeINawgbMLV_et65xF9H56dfhdoVQw
linkProvider Elsevier
linkToHtml http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwpV3LToQwFL3xsdCN8RnHJwvjDmdKSwETF2o043OjJu6aAkXH6DiBGRM3xn_wD_0S7y0wjgsTE0MKBCiF0tt7gHNuAbY0l60gMZGbIX5wRRoxN2S-cYWMU0_E6FI0CYUvLmX7Rpze-rdjcFhrYYhWWfX9ZZ9ue-tqS7OqzWav02leIViRJK2kZohARozDpPB5QLy-nbdvngeTdow3Opp4jF4dedSSvHJzh-ce5HgnVgnIdyzVy_vNS42g0Mnc9Ewy4oyOZ2GmQpHOfnmhczBmuvMwVYuMi3lYGQpRnG2nlOA6ZUSQ1wXYPRgg0P58_yjoq33uUMiIvBQ44LozGvTfKYhxjcsnq44uFuHm-Oj6sO1WYyi4CVpb3_XxdSHWGfp1KeI4jGTEmU5j7gepFiyUvgmDzPMSn5x5FietDKcw8zImjBdqw5dgovvcNcvgoOW2UhHKiIQLLGWaiyRNGdNGBwkadgOius5UUgUYp3EuHlXNJHtQo_VNI2By2odFN4AP8_bKMBt_yrVXPxr1o9Eo9Ad_yr9aP09VmW6hEC9ZvTFrwOZwL9oc_UjRXfM8KBQnVMQD3oAD2wiGl2yMwbKolBfFNfdx9oqJvtzhokOrmHqYwohCs6r7_tPKP29iE6ba1xfn6vzk8mwVpm1oWcuRW4OJfj4w6wia-vGGNYovPz0V3Q
openUrl ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Buyer%E2%80%93seller+interaction+in+experimental+spatial+markets&rft.jtitle=Regional+science+and+urban+economics&rft.au=Camacho-Cuena%2C+Eva&rft.au=Garc%C4%B1%CC%81a-Gallego%2C+Aurora&rft.au=Georgantz%C4%B1%CC%81s%2C+Nikolaos&rft.au=Sabater-Grande%2C+Gerardo&rft.date=2005-03-01&rft.pub=Elsevier+B.V&rft.issn=0166-0462&rft.eissn=1879-2308&rft.volume=35&rft.issue=2&rft.spage=89&rft.epage=108&rft_id=info:doi/10.1016%2Fj.regsciurbeco.2003.10.002&rft.externalDocID=S0166046204000134
thumbnail_l http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=0166-0462&client=summon
thumbnail_m http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=0166-0462&client=summon
thumbnail_s http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=0166-0462&client=summon