Optimal zoning of a mixed duopoly

Optimal zoning of a mixed duopoly

This paper studies the optimal zoning of a mixed duopoly when the objective function of the public firm is a weighted sum of its profits and social surplus. We find that a regulator may attain the optimal locations of both firms by restricting the location of the private firm only. There is no need...

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Veröffentlicht in:The Annals of regional science 2014, Vol.52 (1), p.141-153
Hauptverfasser: Bárcena Ruiz, Juan Carlos, Casado-Izaga, F. Javier, Hamoudi, Hamid
Format: Artikel
Sprache:eng
Schlagworte:
Analysis
Business
Cities
Corporations
Duopoly
Economics
Economics and Finance
Enterprises
Environmental Economics
Geography
Landscape/Regional and Urban Planning
Microeconomics
Objective function
Optimization
Original Paper
Private enterprises
Product differentiation
Profit
Profits
Regional
Regional/Spatial Science
Regulation
Regulators
Regulatory reform
Restrictions
Social research
Studies
Surplus
Zoning
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Beschreibung
Zusammenfassung:This paper studies the optimal zoning of a mixed duopoly when the objective function of the public firm is a weighted sum of its profits and social surplus. We find that a regulator may attain the optimal locations of both firms by restricting the location of the private firm only. There is no need to limit the location of the public firm. In contrast, in a private duopoly, the regulator needs to restrict the locations of both firms.
ISSN:0570-1864
1432-0592
DOI:10.1007/s00168-013-0579-8