Showing 1 - 5 of 5
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10005136872
This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for …
Persistent link: https://www.econbiz.de/10005137296
We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover …
Persistent link: https://www.econbiz.de/10005137310
is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is …
Persistent link: https://www.econbiz.de/10005137397
We modify the paper of Stahl (1989) [Stahl, D.O., 1989. Oligopolistic pricing with sequential consumer search. American Economic Review 79, 700–12] by relaxing the assumption that consumers obtain the first price quotation for free. When all price quotations are costly to obtain, the unique...
Persistent link: https://www.econbiz.de/10005504913