Rozzi, Roberto; Schmitt, Stefanie Yvonne - 2024
, consumers are perfectly informed about the good of the prominent low-quality firm but incur search costs to bring the high … high quality. We investigate two scenarios: (i) homogeneous and (ii) heterogeneous search costs. If search costs are … homogeneous, the less-prominent firm produces highquality goods for sufficiently low search costs, and an increase in search costs …