منابع مشابه
Price Competition and Consumer Confusion
This paper proposes a model in which identical sellers of a homogenous product compete in both prices and price frames (i.e., ways to present price information). We model price framing by assuming that firms’ frame choices affect the comparability of their price offers: consumers may fail to compare prices due to frame differentiation, and due to frame complexity. In the symmetric equilibrium t...
متن کاملPrice Competition with Consumer Confusion
This paper proposes a model in which identical sellers of a homogenous product compete in both prices and price frames (i.e., ways to present price information). We model price framing by assuming that firms’ frame choices affect the comparability of their price offers: consumers may fail to compare prices due to frame differentiation, and due to frame complexity. In the symmetric equilibrium t...
متن کاملConsumer Search with Price Sorting∗
This paper introduces price sorting into a consumer search model. Either ascending or descending price sorting can be applied before the sampling process. Consumers search sequentially for products with two types of qualities. We allow a fraction of consumers to have zero search costs, and all other consumers have the same positive search cost. Price dispersion exists in the unique symmetric eq...
متن کاملDynamic Price Competition with Persistent Consumer Tastes
The dynamic price competition in a horizontally differentiated duopoly when consumers value previous market shares is analyzed. The conditions for the existence of stable Markov-Perfect Equilibrium(MPE) in linear strategies are established. When they exist, the optimal pricing policies suggest that a firm with a higher previous market share charges a higher price, all else equal. It is possible...
متن کاملPrice Guarantees , Consumer Search , and Hassle Costs
The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria with and without price guarantees exist but price guarantees will have no effect on prices if search costs are low, hassle costs are high and the number of u...
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ژورنال
عنوان ژورنال: Econometrica
سال: 2018
ISSN: 0012-9682
DOI: 10.3982/ecta14837