Endogenous timing can help to derive the time structure of decision making instead of assuming it as exogenously given. In our study we consider a homogeneous market where, like in the model of Kreps and Scheinkman (1983), sellers determine sales capacities before prices. Sellers must serve...

Firms in many industries engage in price obfuscation – tactics that intentionally make prices more difficult for consumers to discern. While existing research has focused on the short-term financial gains that motivate firms to obfuscate, reputational concerns may at least partially counteract...