ONEMLI, M. Burak - In: Ege Academic Review 12 (2012) 1, pp. 1-8
and/or determining the correct input prices would seem important for sending the correct price signals to the entrants for … the specific conditions of the Hotelling framework. Specifically, it is shown that input prices are irrelevant when firms … their efficient make-or-buy decisions. However, Sappington uses a standard Hotelling location model to show that input …