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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/74897

    Title: The role of an intermediate market within the barbell model
    Authors: Guo, W.-C.;Lai, Fu-Chuan
    Contributors: 財政學系
    Keywords: Barbell model;Discriminatory;Mill pricing;R30;L12
    Date: 2013-11
    Issue Date: 2015-04-28 17:00:36 (UTC+8)
    Abstract: This paper extends Hwang and Mai (Am Econ Rev 80:567-575, 1990) with an intermediate market to discuss the spatial pricing and social welfare. It is shown that the monopoly will always locate at this intermediate market under discriminatory pricing. Under simple mill pricing, the intermediate market will be the optimal location if the slope of the demand function at this market is large enough. Moreover, in contrast to Hwang and Mai (Am Econ Rev 80:567-575, 1990), the total outputs under discriminatory pricing may be either greater or less than those under simple mill pricing, and social welfare under simple mill pricing is lower (higher) than that under discriminatory pricing if the transport rate is large (low) enough. © 2013 Springer-Verlag Berlin Heidelberg.
    Relation: Letters in Spatial and Resource Sciences, 6(3), 151-161
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1007/s12076-013-0094-7
    DOI: 10.1007/s12076-013-0094-7
    Appears in Collections:[財政學系] 期刊論文

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