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The Equilibrium of Monopoly Service Markets

  • Dong-Joo Moon
Chapter
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

A service firm usually facilitates demands below the capacity of the service system operated. For such a service firm, called the congestion-prone service firm (service firm or firm, for short), the actual choice component consists only of price and capacity. After the firm chooses its price and capacity, its customers play the role of finalizing the demand and service time of the service system operated. For example, if the service system is congested, some customers stop using the system, and, thus, the demand and service time of the system are both reduced.

Keywords

Service Time Service System Demand Function Service Firm User Equilibrium 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Beckmann M, McGuire CB, Winston CB (1955) Studies in the economics of transportation. Yale University Press, New HavenGoogle Scholar
  2. Moon DJ, Park CH (2002b) Cost functions for multiple transportation modes in the presence of congestion. Ann Reg Sci 36:315–346CrossRefGoogle Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Institute for Environmental PlanningSeoul National UniversitySeoulKorea (South)

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