Mrs. Watson's Class
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Mrs. Watson's Class
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Why do competitors open their stores next to one another? - Jac de Haan

Why do competitors open their stores next to one another? - Jac de Haan | Mrs. Watson's Class | Scoop.it
Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.
Nancy Watson's insight:

Hotelling's model

more...
Scooped by Nancy Watson
Scoop.it!

Why do competitors open their stores next to one another? - Jac de Haan

Why do competitors open their stores next to one another? - Jac de Haan | Mrs. Watson's Class | Scoop.it
Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.
Nancy Watson's insight:

Hotelling

more...
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