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We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with … knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know …
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We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with … knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know …
Persistent link: https://www.econbiz.de/10010325731
simple model of symmetric oligopoly where firms select a two dimensional strategy set of price and a non-price variable known … as quality simultaneously. In conclusion, our results show that equilibrium solutions of RPM and APM are distinct. We … circumstances RPM induces more competition or less competition w.r.t the price or non-price dimension. …
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