allowing for competition of both, buyers and sellers. Naivety of both is related to the idea that higher prices exclude worse … qualities. While competition of naive buyers increases prices, competition of naive sellers promotes effciency enhancing trade …

allowing for competition of both, buyers and sellers. Naivety of both is related to the idea that higher prices exclude worse … qualities. While competition of naive buyers increases prices, competition of naive sellers promotes effciency enhancing trade …

allowing for competition ofboth, buyers and sellers. Naivety of both is related to the idea that higherprices exclude worse … qualities. While competition of naive buyers increasesprices, competition of naive sellers promotes e±ciency enhancing trade …

to adjust aspiration levels if they cannot be satisfied. -- satisficing behavior ; duopoly ; profit aspiration ; theory …

.e., firms competing on multiple structurally unrelated markets, can effectively limit competition. Our more general analysis … effects of forbearance and repeated interaction. Surprisingly, conglomerate firms do not limit competition, they rather foster … more cooperation in a partners than in a strangers matching. -- Experiment ; Forbearance ; Competition …