, intensifies price competition for non-loyal customers, and eliminates cannibalization from customer self-selection. Contrary to … prior literature on one-to-one marketing and price discrimination, we show that even symmetric firms can avoid the well …

This paper studies the role of imperfect information in explaining price dispersion. We use a new panel dataset on the … U.S. retail gasoline industry, and propose a new test of temporal price dispersion to establish the importance of … consumer search. We show that price rankings vary significantly over time; however, they are more stable among stations at the …

gasoline market. Transparent environments enable easy price comparisons and match findings. Restricting transparency such that …

We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and … those with small consumer bases. The main source of this incumbency advantage is brand loyalty; however, price …

We examine the role of price transparency in consumer preferences and demand. We assemble a detailed dataset on the … driving school industry in Portugal to quantify how firms present the price of the course of instruction, and its individual … impact of varying levels of price information on demand. The results show that consumers are willing to pay a significant …

We describe firm pricing when consumers search passively and follow simple reservation price rules. In stark contrast … to other models in the literature, this approach yields equilibrium price dispersion in pure strategies even when firms … have the same marginal costs. In equilibrium, lower price firms earn higher profits. The range of price dispersion …

We investigate how consumer information affects price adjustment in the Austrian retail gasoline market. Our measure of …

is not offsetby a low price. Finally, the model exhibits price dispersion and the expected price isincreasing in the …