competition causes firms to increase their effort to obfuscate, instead of increasing their effort to be more competitive. As a …

. Firms respond to increased competition with an increased effort to obfuscate, rather than with more competitive pricing. As … the quality of each dimension, and there are diminishing returns to quality, increased competition implies an efficiency …

as suggested in consumer research. On this basis, we investigate monopoly and competition between firms, described via an …. -- Bounded rationality ; social learning ; population game ; differential game ; product life cycle ; monopoly ; competition …