We look at the problem of pricing in a duopoly with observational learning. Prior literature shows that when the number …

Brander and Spencer (2015a,b), to analyze the effect of consumer learning on firms' incentives to differentiate their products … more likely to invest in differentiation with consumer learning than without. This is in line with implications of the … firms compete in prices. Here, the effect of consumer learning is reversed, so that differentiation is less likely with …

periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and …