We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … (somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …

We experimentally examine the effects of price competition in markets for experience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … (somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …