, intensifies price competition for non-loyal customers, and eliminates cannibalization from customer self-selection. Contrary to … prior literature on one-to-one marketing and price discrimination, we show that even symmetric firms can avoid the well …

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …

gasoline market. Transparent environments enable easy price comparisons and match findings. Restricting transparency such that …

We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and … those with small consumer bases. The main source of this incumbency advantage is brand loyalty; however, price …

investment in gathering prior information when aggregate demand is price-sensitive …

This paper studies the role of imperfect information in explaining price dispersion. We use a new panel dataset on the … U.S. retail gasoline industry, and propose a new test of temporal price dispersion to establish the importance of … consumer search. We show that price rankings vary significantly over time; however, they are more stable among stations at the …

We describe firm pricing when consumers search passively and follow simple reservation price rules. In stark contrast … to other models in the literature, this approach yields equilibrium price dispersion in pure strategies even when firms … have the same marginal costs. In equilibrium, lower price firms earn higher profits. The range of price dispersion …

prices. There are three distinct price dispersed equilibria characterized by low, moderate and high search intensity … intensity, increased competition does not affect expected price, leads to greater price dispersion and welfare declines. In … yields identical expected price and price dispersion but higher welfare than an infinite number of firms. …

financial and retail gasoline, governments and consumer protection agencies call for compulsory price reporting. Consumers could … then more easily compare the firms' offers. We showthat for a given level of price comparison, mandatory price reporting … of price comparison in equilibrium. This effect may dominate so that the regulation lead to higher expected market prices. …

Despite intense price competition firms obfuscate product information when it is relatively costless to reveal …