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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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structures: duopoly competition, perfect competition, a public welfare-maximizing monopoly, and a private profit …
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-perfect duopoly dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids … two firms reduces the probability of having a duopoly but increases the probability that some firm will serve the industry …
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We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest …
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