Baake, Pio; Schwalbe, Ulrich - 2013
lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria … with and without price guarantees exist but price guarantees will have no effect on prices if search costs are low, hassle … costs are high and the number of uninformed consumers is small. However, when both firms use price guarantees, there also …