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This paper studies the effects of 'price-matching' policies in the Bertrand oligopoly model. If one or more consumers incur enforcement costs to utilize price-matching clauses, the unique equilibrium outcome is the competitive one.
Persistent link: https://www.econbiz.de/10005670096
Persistent link: https://www.econbiz.de/10005780325
This paper considers an incumbent firm that is faced with a potential entrant in a vertically differentiated market. It demonstrates than an incumbent firm cannot prevent entry through product proliferation because of a commitment problem.
Persistent link: https://www.econbiz.de/10005486474
Persistent link: https://www.econbiz.de/10005639206
This paper reflects on consequentialism which underlies the traditional normative economics. It asserts that the informational basis of normative economics should be expanded so that the intrinsic value of social choice procedures should be properly taken into account along with the value of...
Persistent link: https://www.econbiz.de/10005639208
Persistent link: https://www.econbiz.de/10008602831
This paper studies the effects of 'price-matching' policies in the Bertrand oligopoly model. If one or more consumers incur enforcement costs to utilize price-matching clauses, the unique equilibrium outcome is the competitive one.
Persistent link: https://www.econbiz.de/10008602855
Persistent link: https://www.econbiz.de/10008602890
This paper considers an incumbent firm that is faced with a potential entrant in a vertically differentiated market. It demonstrates than an incumbent firm cannot prevent entry through product proliferation because of a commitment problem.
Persistent link: https://www.econbiz.de/10008602942
This paper reflects on consequentialism which underlies the traditional normative economics. It asserts that the informational basis of normative economics should be expanded so that the intrinsic value of social choice procedures should be properly taken into account along with the value of...
Persistent link: https://www.econbiz.de/10008602994