Local Competition - Phase 1
This model simulates local businesses competing for customers based on location and price. This is based on the original Hotelling model which analyzed the optimal locations of businesses along a one-dimensional line. By extending this model and incorporating real-life spatial data, we could predict which location it would be most profitable for a business to open.
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This model simulates local businesses competing for customers based on location and price. This is based on the original Hotelling model which analyzed the optimal locations of businesses along a one-dimensional line. By extending this model and incorporating real-life spatial data, we could predict which location it would be most profitable for a business to open.

Check out our walkthrough Here!

Sources: Netlogo - http://netlogoweb.org/launch#http://netlogoweb.org/assets/modelslib/Sample%20Models/Social%20Science/Economics/Hotelling's%20Law.nlogo