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We analyze a market where firms compete in a conventional and an electronicretail channel. Consumers easily compare prices online, but some incur purchaseuncertainties on the online channel. We investigate the market shares of the two retailchannels and the prices that are charged. We find that...
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We consider a duopoly in a homogenous goods market where part of the consumers are ex ante uninformed about prices …
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structures: duopoly competition, perfect competition, a public welfare-maximizing monopoly, and a private profit …
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