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Consider a price-setting duopoly with differentiated goods and heterogeneous consumers. When consumer tastes are …
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perfectly informed all the time. We show that, in duopoly, a larger share of informed consumers leads to a less competitive …
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Consider a differentiated product market in which all consumers are fully informed about match value and price at the time they make their purchasing decision. Initially, consumers become informed about the prices of all products in the market but do not know the match values. Some consumers...
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Consider a differentiated product market in which all consumers are fully informed about match value and price at the time they make their purchasing decision. Initially, consumers become informed about the prices of all products in the market but do not know the match values. Some consumers...
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