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Show that there is no Nash Equilibrium in the three-player Hotelling game. (HINT: consider the three possible spatial arrangements, each firm at a different point,
- Show that there is no Nash Equilibrium in the three-player Hotelling game. (HINT: consider the three possible spatial arrangements, each firm at a different point, two firms at the same point, and all three firms at the same point and show that none is an equilibrium.)
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
