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We study a competition of product customization between two branded firms by a game-theoretic approach. Firms produce products with two attributes: one attribute indicates a characteristic with regard to “function” or “design” of a product and the other indicates “taste” or...
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We study to what extent collusive behavior is affected by the awareness of negative externalities. Theories of outcome …-based social preferences suggest that negative externalities make collusion harder to sustain than predicted by standard economic …
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