Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2005
vertical quality (e.g., consumer satisfaction) that is signaled via price softens price competition, and that imperfect …We examine the interplay of imperfect competition and incomplete information in the context of price competition among … do). We show that low-quality firms always prefer playing the incomplete information game to the full-information analog …