offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …

before price choices, and prior competition experience as crucial factors for collusive pricing. The theoretical analysis …

stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the …

The classical price competition model (named after Bertrand), prescribes that in equilibrium prices are equal to …