Local Competition

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.

This model uses real-world vacant storefront data from Cambridge, MA as context and is adapted from a NetLogo model demonstrating Hotelling's Law.