dealers. We estimate an equilibrium model of profit maximization to evaluate how dealers change their innovation strategies … one type of innovation only. Results are robust to the existence of unobserved heterogeneity …

customers in a credence goods market: the level of competition, the expert firm’s financial situation, its competence, and its … that regularly checks the reliability of garages in Germany. We find that more intense competition and high competence …

customers in a credence goods market: the level of competition, the expert firm's financial situation, its competence, and its … that regularly checks the reliability of garages in Germany. We find that more intense competition and high competence …

branch beyond the background of changing legal frame- and competition conditions. The field "used carparts" undergoes a …