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We study monopoly and duopoly pricing in a two-sided market with dispersed information about users' preferences. First, we show how the dispersion of information introduces idiosyncratic uncertainty about participation rates and how the latter shapes the elasticity of the demands and thereby the...
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competition to make firms keep their dead-end findings private. We characterize the equilibrium in this decentralized environment …
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We analyze an oligopolistic competition with differentiated products and qualities. The quality of a product is not …-signaling competition. There are two regimes for separating equilibrium in our model depending on the parameters. Our analysis reveals that …, in one of the separating regimes, price signaling leads to intense price competition between the firms under which not …
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. The risky arm could potentially lead to a dead end and the safe arm introduces further competition to make firms keep …
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