beliefs about this specific market, demand for funeral services seems characterized by relatively high price elasticities, at …

timing assumptions (pre- and post-search), generating four information treatments. Theory predicts that price information …

mergers and economic theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action … such a rule would cause a considerable amount of false positives. -- oligopoly theory ; horizontal merger policy …

We present a model with firms selling (homogeneous) products in two imperfectly segmented markets (a "high-demand" and … a "low-demand" market). Buyers are mobile but restricted by transportation costs, so that imperfect arbitrage occurs … arbitrage. Furthermore, a merger can lead to an equilibrium in which only the "high-demand" market is served. This is more …