Optimal Zoning in Spatial Differentiation
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad de Chile
2017
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| _version_ | 1876488437024948224 |
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| author | Hamid Hamoudi |
| author_facet | Hamid Hamoudi |
| contents | Optimal Zoning in Spatial Differentiation Hamid Hamoudi Isabel Rodríguez Marcos Sanz Martín-Bustamante Economía y Finanzas Zoning welfare function industrial policy spatial competition equilibrium results This study analyzes optimal zoning policy in a duopolistic spatial competition framework for both circular and linear spaces. A regulator is introduced in the third stage of the price-location game through a welfare function to model zoning preferences from firms and consumers. An equilibrium outcome is then found for both spatial configurations. When the regulator is inclined to favor consumers (consumer-oriented) both firms are restricted to locate at one point to serve the whole market. Nevertheless, when the preferences of the regulator are biased towards firms (firm-oriented) the zoning area is maximized, with both firms being located at the market boundaries. The equilibrium outcome confirms location patterns found in real life situations under a non-neutral regulator. 2017 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22152910002 en http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.1 Vol.44 |
| format | Artículo científico |
| id | redalyc_22152910002 |
| institution | Redalyc |
| language | en |
| publishDate | 2017 |
| publisher | Universidad de Chile |
| spellingShingle | Optimal Zoning in Spatial Differentiation Hamid Hamoudi Economía y Finanzas Zoning welfare function industrial policy spatial competition equilibrium results Optimal Zoning in Spatial Differentiation Hamid Hamoudi Isabel Rodríguez Marcos Sanz Martín-Bustamante Economía y Finanzas Zoning welfare function industrial policy spatial competition equilibrium results This study analyzes optimal zoning policy in a duopolistic spatial competition framework for both circular and linear spaces. A regulator is introduced in the third stage of the price-location game through a welfare function to model zoning preferences from firms and consumers. An equilibrium outcome is then found for both spatial configurations. When the regulator is inclined to favor consumers (consumer-oriented) both firms are restricted to locate at one point to serve the whole market. Nevertheless, when the preferences of the regulator are biased towards firms (firm-oriented) the zoning area is maximized, with both firms being located at the market boundaries. The equilibrium outcome confirms location patterns found in real life situations under a non-neutral regulator. 2017 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22152910002 en http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.1 Vol.44 |
| title | Optimal Zoning in Spatial Differentiation |
| topic | Economía y Finanzas Zoning welfare function industrial policy spatial competition equilibrium results |
| url | https://www.redalyc.org/articulo.oa?id=22152910002 |