price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by …

We investigate how consumer information affects price adjustment in the Austrian retail gasoline market. Our measure of …

. We track individual consumers in a price search engine and generate a measure of distance in product space, based on …

price with full information, at the limit. However, this convergence can take two different paths depending on the size … turn into a duopoly and monopoly prices may persist for several periods. Hence, the price-reducing trade effects may take …

appeal to consumers will be advertised more heavily but priced at a higher level - that is, advertising and price discounts …

dimensions of a product. We then test our procedure by analyzing the behavior of buyers from an Austrian price comparison site …. Although in such a market a consumer will typically search for the cheapest price for a given product, reliability and service … procedure: they select a shortlist of suppliers by using the price variable only; finally, they trade off reliability and price …

. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price …

This paper provides a theoretical rationale for non-binding retail price recommendations (RPRs) in vertical supply …