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Persistent link: https://www.econbiz.de/10009232856
In this paper a discrete choice model is suggested which generates unambiguously lower prices, if oligopolists discriminate by price. In a setting of two groups of consumers and two firms this is due to a different ranking of the elasticity of demand of the two groups by the two firms. Here,...
Persistent link: https://www.econbiz.de/10010497915