This paper characterizes price competition between an expert and a non-expert. In contrast with the expert, the non …-pricing’ equilibrium emerges where the expert randomizes over the monopoly price and some lower price. …

distribution. If the risky seller fails, a consumer ends up with the safe seller, paying for the service twice. We study the price ….e. the risky seller does not choose the minimum quality level in order to relax price competition …

This paper studies the interaction between horizontal mergers and price discrimination by endogenizing the merger … Behaviour-Based Price Discrimination (BBPD). From a merger policy perspective, this paper's main contribution is two-fold. First …, it shows that when firms are allowed to price discriminate, the (unique) equilibrium merger gives rise to significant …

pricing, introductory offers, and price wars. Such 'competition for the market' or 'life-cycle competition' can adequately …

. The effect of increased global competition on prices is much less clear. While it yields a price reduction under monopoly …

. Increasing the number of firms may increase or decrease the market price. We emphasise that quasi-concavity of profits may fail …, as firms may prefer a high price deviation, targeting consumers that only become informed about their product (a feature …

This Paper examines competition between a dominant network and a challenging network with third-degree or perfect price … other, and is interpreted as a reputation effect. Price-discrimination in this context has a strong impact because cross … perfect price-discrimination, both networks prefer to be compatible. Price-discrimination promotes efficiency by reducing the …