Chen, Yongmin; Savage, Scott J. - University of Colorado at Boulder; University of … - 2007
An important issue in economics is how market structure affects prices.While the standard view is that competition … lowers prices, Chen andRiordan (2006) argued that with product differentiation it is notexceptional for prices to be higher … under duopoly than monopoly. Thispaper empirically investigates one implication from Chen and Riordan,namely, that prices …