Price/Marketing Competition and Information Flows in Spatial Oligopoly

Abstract

Within the last decade or two, developments within advanced economies’ industrial structures and practices, spurred largely by technological innovation, lead to an expectation that different approaches to the theory of location and spatial competition may be required to analyse economic activity in the future. The dominance of service industries argues for a lessening of the importance of transportation costs and an increasing decentralising orientation to markets, in many instances to highly specialised markets.