Miravete, Eugenio J - C.E.P.R. Discussion Papers - 2007
shows that competition induces firms to introduce mostly non-foggy options, thus abandoning deceptive pricing strategies … (fog lifting) aimed to profit from mistaken choices of consumers rather than softening competition through the use of foggy … according to either definition of foggy pricing. Thus competition alone, and in particular the tactics of entrants, appears to …