Price-matching guarantees are widely used in consumer and industrial markets. Previous studies argue that they are a marketing tactic that facilitates implicit price collusion. We show, however, that when consumers have incomplete price information, the adoption of price-matching guarantees...

Price protection is a commonly used practice between manufacturers and retailers in the personal computer (PC) industry motivated by drastic declines of product values during the product life cycle. It is a form of rebate given by the manufacturer to the retailer for units unsold at the...

Although there has been extensive research on the economic functions of financial exchanges and the properties of prices determined on exchanges, there has been little research on the organizational structure and governance of these exchanges. This article demontrates that the heterogeneity of...