Showing 1 - 10 of 16
Persistent link: https://www.econbiz.de/10000674946
Consider a Bertrand model in which each firm may be inactive with aknown probability, so the number of active firms is uncertain. Thissimple model has a mixed-strategy equilibrium in which industryprofits are positive and decline with the number of firms, the samefeatures which make the Cournot...
Persistent link: https://www.econbiz.de/10011299982
We consider a duopoly in a homogenous goods market where part of the consumers are ex ante uninformed about prices. Information can come through two different channels: advertising and sequential consumer search. We arrive at the following results. First, there is no monotone relationship...
Persistent link: https://www.econbiz.de/10011343292
Persistent link: https://www.econbiz.de/10011346021
We analyze a market where firms compete in a conventional and an electronicretail channel. Consumers easily compare prices online, but some incur purchaseuncertainties on the online channel. We investigate the market shares of the two retailchannels and the prices that are charged. We find that...
Persistent link: https://www.econbiz.de/10011326968
Persistent link: https://www.econbiz.de/10003629289
Persistent link: https://www.econbiz.de/10002618420
Persistent link: https://www.econbiz.de/10002377672
Persistent link: https://www.econbiz.de/10001647286
Persistent link: https://www.econbiz.de/10001630165