booklet

Page 53

HOTELLING’S LAW CASE A

CLUSTERED OFFICE TYPOLOGY Hotelling's law is an observation in economics that in many markets it is rational for producers to make their products as similar as possible. This is also referred to as the principle of minimum differentiation as well as Hotelling's linear city model. Hotelling, Harold (1929), "Stability in Competition" (PDF), Economic Journal, 39 (153): 41–57, doi:10.2307/2224214

VS CASE B

SCATTERED OFFICE TYPOLOGY


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