differentiation, informed consumers exert a positive externality on the purchasers of the high quality good as its price decreases … when the share of informed consumers decreases. Considering also that the price of the low quality good increases with the … with pessimistic consumers we can explain demand collapses and insensitivity to price changes due to consumer suspicions …

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 …

simultaneously decrease the retail price and increase infrastructure quality. Second, we derive conditions under which reducing both … retail price and infrastructure quality relative to the integrated monopoly outcome increases welfare. Third, we argue that …

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

imports. In this paper a monopolistic competition framework is presented, in which firms choose both the quality and the price … quality-adjusted price for each product, the 'NTM Black Box' is opened and analysed. This provides evidence of whether the …