This paper develops an alternative model for the discriminatory pricing behavior of physicians. By introducing search cost explicitly, it generates a result that price discrimination will be practiced by all physicians even if the elasticity of market demand is less than one and all or most of...

When making brand selection decisions for complex technological products, a consumer is likely to use a subset of the characteristics as a "signal" of a brand's quality and performance. This study examines the usefulness of brandedness as a signal for consumers selecting three types of durable...

The influential Scherer and Ross text (1990, p. 411) states that the main question in empirical industrial organization in the latter part of the twentieth century is Bains (1951) collusion or agreement hypothesis versus Demsetzs (1973) superior firm hypothesis. Prior to the Federal Trade...