The University of Southampton
University of Southampton Institutional Repository

Equilibria in networks

Hendricks, K., Piccione, M. and Tan, G. (1997) Equilibria in networks , Southampton, UK University of Southampton (Discussion Papers in Economics and Econometrics, 9717).

Record type: Monograph (Discussion Paper)

Abstract

We study a model in which two carriers choose networks to connect cities and compete for travelling customers. We show that if carriers compete aggressively (e.g., Bertrand-like behavior), one carrier operating a single hub-spoke network is an equilibrium outcome. Competing hub-spoke networks are not an equilibrium outcome, although duopoly equilibria in non-hub networks can exist. If carriers do not compete aggressively, a duopoly equilibrium in hub-spoke networks exists if the number of cities is not small. We provide conditions under which all equilibria consist of hub-spoke networks.

Full text not available from this repository.

More information

Published date: January 1997

Identifiers

Local EPrints ID: 33191
URI: http://eprints.soton.ac.uk/id/eprint/33191
PURE UUID: 86c7c097-bbe7-452c-a6fc-5746077eb4ce

Catalogue record

Date deposited: 25 Jan 2008
Last modified: 17 Jul 2017 15:53

Export record

Contributors

Author: K. Hendricks
Author: M. Piccione
Author: G. Tan

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×