A model of the effect of competition on locational decisions, indicating that locational decisions are not made independently but are influenced by the actions of others (Hotelling (1929) Econ. J. 39, 1). Kim (2007) MPRA Paper 2742, U. Munich, develops the Hotelling model.
Hotelling model. Two vendors, A and B, are positioned in the centre of their own half of the beach. If A moves closer to the centre, he increases his market share, which leads B to also move to the centre, ensuring that market share is equal again.
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- Werner, Abraham Gottlob (1749–1817)
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