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This paper considers a market in which only the incumbent's quality is publicly known. The entrant's quality is observed by the incumbent and some fraction of informed consumers. This leads to price signalling rivalry between the duopolists, because the incumbent gains and the entrant loses when...
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This paper considers price competition in a duopoly with quality uncertainty. The established firm (the `incumbent …
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differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply …
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