Re:Hotelling’s Game, or Why Gas Stations Have Competitors Ne...
by philbo on Thursday July 28, 2011 @11:52AM
(#2817380)
I think the strategy would depend on the cost of moving. If moving has no cost associated with it, then I see the game playing out as you describe. But if the cost of moving repeatedly becomes prohibitive, players would be more likely to adopt a strategy of equidistant equilibrium.
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