We develop models of markets with procrastinating consumers where competition operates - or is supposed to operate … price competition fails at this stage as well. In fact, a competition paradox results: an increase in the number of firms or … returning ex-post profits to consumers, and in some cases even exacerbate the failure of price competition. Consumer …

payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which … acceptance at the margin. - Payment pricing ; Card competition ; Consumer credit ; Complementarity …

We investigate the impact of consumer search and competition on pricing strategies in Germany’s electricity retail. We … inverted U-shape effect of competition on price dispersion, consistent with theoretical findings by Janssen and Moraga …

offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …