Hotelling Duopoly Revisited

Many articles have been written about Harold Hotelling’s model of two competitors on a fixed line segment, competing by choosing mill price and location. Most of them have focused on the paradoxical case of crowding in the middle when demand is totally in

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ays in Economic Dynamics Theory, Simulation Analysis, and Methodological Study

Essays in Economic Dynamics

Akio Matsumoto Ferenc Szidarovszky Toichiro Asada •

Editors

Essays in Economic Dynamics Theory, Simulation Analysis, and Methodological Study

123

Editors Akio Matsumoto Department of Economics Chuo University Hachioji, Tokyo Japan

Toichiro Asada Faculty of Economics Chuo University Hachioji, Tokyo Japan

Ferenc Szidarovszky University of Pecs Pécs Hungary

ISBN 978-981-10-1520-5 DOI 10.1007/978-981-10-1521-2

ISBN 978-981-10-1521-2

(eBook)

Library of Congress Control Number: 2016943858 © Springer Science+Business Media Singapore 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Science+Business Media Singapore Pte Ltd.

Preface

It is the 9th International Conference on Nonlinear Economic Dynamics (NED2015) that was held in Tokyo, Japan, in June of 2015. The first NED conference started in Odense, Denmark in the year of 2002, which was organized by a small group of scholars having strong desires and interests of applying nonlinear dynamic methods to reveal “new faces” of the traditional dynamic studies of economics and finance. Since then, the NED conference continued in Odense again (Denmark, 2003), Tokyo (Japan, 2004), Urbino (Italy, 2005), Bielefeld (Germany, 2007), Jönköping (Sweden, 2009), Cartagena (Spain, 2011) and Siena (Italy, 2013). Meanwhile at the Jönköping conference, the Nonlinear Economic Dynamic Society was officially founded and has supported the NED conferences since then. It was already announced that the next NED conference will be held at James Madison University in Harrisonburg, USA, 2017. Following the tradition of the series of conferences, NED2015 aims at bringing together the young and senior researchers who are interested in pursuing research in economic dynamics in a broader sense. The conference was held at Chuo Univers