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Abstract.  The objective of this paper is to demonstrate that price dispersion is possible even in a world of perfect information and identical consumers and firms. The driving force in the model is service capacity and congestion cost. Each firm chooses a service capacity. Customers of a firm bear a congestion cost which, for a fixed service capacity, is an increasing function of the number of customers served by this firm. We demonstrate that under certain conditions the combined profit of two firms and the total surplus are higher in a price‐dispersion equilibrium than in a single‐price equilibrium.

Improving energy efficiency and reducing environmental pollution emissions are two important ways to alleviate energy problems. Despite the progress in energy efficiency, the growth in energy demand still exceeds the efficiency improvements. This study adopts nonparametric methods to estimate the total factor energy efficiency (TFEE) of 105 resource-based cities covering the period 2010-2016 in China and analyzes the spatiotemporal characteristics of changes in energy efficiency. Furthermore, panel quantile regression is applied to analyze the multiple impacts of economic level, industrial structure, resource endowment, energy price, government intervention and degree of openness on energy efficiency. The main findings are as follows. (1) Each determinant has a different influence on TFEE at different levels; among them, the influence of the fuel and energy price index show an inverted U-shaped distribution as the quantile increases, and that of the GDP per capita shows a stronger heterogeneity than those of other factors. (2) Resource-based cities with lower efficiency are more sensitive to government intervention than are cities with higher efficiency. (3) A city's openness has a negative effect on TFEE, which partly supports the pollution haven hypothesis: the more foreign investment a resource-based city receives, the lower its energy and technology efficiency. Finally, some practical suggestions for the sustainable development of resource-based cities are discussed.

Improving energy efficiency and reducing environmental pollution emissions are two important ways to alleviate energy problems. Despite the progress in energy efficiency, the growth in energy demand still exceeds the efficiency improvements. This study adopts nonparametric methods to estimate the total factor energy efficiency (TFEE) of 105 resource-based cities covering the period 2010–2016 in China and analyzes the spatiotemporal characteristics of changes in energy efficiency. Furthermore, panel quantile regression is applied to analyze the multiple impacts of economic level, industrial structure, resource endowment, energy price, government intervention and degree of openness on energy efficiency. The main findings are as follows. (1) Each determinant has a different influence on TFEE at different levels; among them, the influence of the fuel and energy price index show an inverted U-shaped distribution as the quantile increases, and that of the GDP per capita shows a stronger heterogeneity than those of other factors. (2) Resource-based cities with lower efficiency are more sensitive to government intervention than are cities with higher efficiency. (3) A city's openness has a negative effect on TFEE, which partly supports the pollution haven hypothesis: the more foreign investment a resource-based city receives, the lower its energy and technology efficiency. Finally, some practical suggestions for the sustainable development of resource-based cities are discussed.