Muñoz-García, Félix; Lozano, Heriberto González - In: Ensayos Revista de Economia XXVIII (2009) 1, pp. 61-80
, prices and advertising decisions of firms are analyzed. Then, the set of separating and pooling equilibria is characterized … customers will come back in future periods, the set of separating equilibria shrinks. That is, fewer future prospects induce all …