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stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the …
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In many (online) markets, consumers can readily observe prices, but need to examine individual products at positive cost in order to assess how well they match their needs. We propose a tractable model of price-directed sequential search in a market where firms compete in prices. Each product...
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By developing a linear model in a two-country framework of international price competition, we show how the degree of … differentiation may lead public ownership to be optimally chosen to restrict competition in the country with the larger number of …
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