Lach, Saul; Moraga-González, José-Luis - C.E.P.R. Discussion Papers - 2009
situation, some percentiles fall more than others, which leads to asymmetric consumer welfare gains from increased competition …, the weighted average price paid by consumers - the consumer surplus - always (weakly) decreases with increased competition …. We provide an empirical strategy to identify how the response of prices to increased competition varies along the price …