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incumbent sellers sell at higher prices than entrants. This study develops a theory of dynamic pricing that explains these facts …
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incumbent sellers sell at higher prices than entrants. This study develops a theory of dynamic pricing that explains these facts …
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effectiveness of free riding by the fringe; and it relaxes the cartel's internal incentive constraints. Our theory explains the …
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This note presents necessary conditions for non-degenerate price dispersion in a continuous atomistic market where buyers with price-elastic demand search sequentially for the lowest price, and firms maximize profit subject to a variable average cost function
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