We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … prices are fixed or endoge-nously chosen, we find that price competition lowers efficiency as consumers pay too little …

We experimentally examine the effects of price competition in markets for experience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … prices are fixed or endogenously chosen, we find that price competition lowers efficiency as consumers pay too little …

identical across brands, irrespective of the lag count, suggesting a high degree of competition among brands. …

competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for … the dentist industry allow the entry cost to differ for geographic markets that were designated as Health Professional … Shortage Areas and in which entry was subsidized. The estimated mean entry cost is 11 percent lower in these markets. Using …