Ribeiro, Vitor Miguel - Faculdade de Economia, Universidade do Porto - 2014
We study a duopoly with differentiated and substitutable goods composed of one consumer-friendly firm and one pure … impose a ceiling on the level of benevolence of the consumer-friendly firm. However, under price competition, the policymaker … never imposes a ceiling on the level of kindness of the consumer-friendly firm. Our results also show that, whatever the …