Karle, Heiko; Peitz, Martin - 2010 - Version: May 2, 2010, First Version: November 2009
Consider a differentiated product market in which all consumers are fully informed about match value and price at the …-point distribution with respect to match value and price that will make them realize gains or losses if their eventually chosen product …-value dimension leads to a less competitive outcome, while loss aversion in the price dimension leads to a more competitive …
