Chen, Zhuoqiong; Stanton, Christopher T.; Thomas, Catherine - National Bureau of Economic Research - 2021
between consumers based on purchasing history. Price dynamics, firm profits, and consumer surplus depend on how information … spillovers shape demand from the consumers who have trialed the rival product--the potential switchers. In the first period … repeat and switching consumers. Demand-side information spillovers offer an explanation of how competing firms in new product …