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incumbent sellers sell at higher prices than entrants. This study develops a theory of dynamic pricing that explains these facts …
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Dispersion in retail prices of identical goods is inconsistent with the standard model of price competition among identical firms, which predicts that all prices will be driven down to cost. One common explanation for such dispersion is the use of a loss-leader strategy, in which a firm prices...
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This study investigates how group polarization can influence boards' acquisition premium decisions. The theory suggests … that is even lower after discussions. Results provided strong support for the theory. Moreover, group polarization was …
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