The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for … lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria … with and without price guarantees exist but price guarantees will have no effect on prices if search costs are low, hassle …

market, albeit not at monopoly price, via a single licensee. Our results point out to the significance, and perhaps the …

We analyze dynamic price competition in a homogeneous goods duopoly, where consumers exchange information via word … the endogenous price dispersion. Depending on the parameters, we obtain different 'classes' of dynamics. When firms are …

-stage model better replicates the price path over the years 2003-2011 than a standard simultaneous-move, one-stage Nash …

This paper explores the relationship between the intensity of competition in product markets and firms' incentives to … us to differentiate between several measures for the intensity of competition. We establish that more firms in the … industry (i.e., lower entry costs) reduce the crime rate. Furthermore, whether more intense competition due to the increased …