[Market Optimization] MO-122 Hotelling Location Equilibrium

Hotelling's Law predicts that two vendors selling water will be located next to each other at mid-point along a hot beach. But what about three vendors? Or four vendors? This workflow explorers how vendors find locations that optimize their profitability. Uses the KNIME Extension: Market Simulation by Scientific Strategy - Community Edition A comprehensive description of this workflow with step-by-step instructions can be found at the Scientific Strategy website: https://scientificstrategy.com/mo-122/


This is a companion discussion topic for the original entry at https://kni.me/w/2HcQEb0Q-wcV7_Hn