Haynes, Michelle; Thompson, Steve - In: International Journal of the Economics of Business 21 (2014) 2, pp. 165-190
<title>Abstract</title>The price-comparison site, with its (near-)zero sunk costs of entry, would appear to approximate the "almost perfectly contestable market" envisaged by the contestability theorists where "hit-and-run" entry was conjectured to constrain sellers to zero-profit outcomes. We investigate hit...