Theoretical Remarks on Price Policy Hotelling's Case with Variations

Abstract

Introductory; two sets of conditions where price policy presents special problems, 231; already noted by various writers, 232.— Hotelling's case, 233.— The graphical solution of the problem, 233; and alternative algebraic method, 235.— Possible growth of monopoly, 242.— Price differentiation, 243.— Modifications of the case, different or varying transport costs, 245; varying costs of production, 245; the question of location, 248; elasticity in demand, 248.— Outside competition, 250. — Dynamic considerations in practice, 252.— Inadequacy of pure monopoly approach, 253.— Conclusion, 253.