Price competition and limited attention

The paper develops a model of price competition in presence of consumers with limited attention. Education and obfuscation marketing strategies are studied. It is shown that firms in highly competitive industries have incentives to obfuscate, but firms in low competitive industries have not.

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Year of publication:	2017
Authors:	Karpov, Aleksandr
Publisher:	Kiel : Kiel Institute for the World Economy (IfW)
Subject:	bounded rationality \| hotelling linear city model \| consideration set \| limited attention \| unawareness

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Series:	Economics Discussion Papers ; 2017-89
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1002792738 [GVK] hdl:10419/170721 [Handle] RePEc:zbw:ifwedp:201789 [RePEc]
Classification:	D03 - Behavioral Economics; Underlying Principles ; D11 - Consumer Economics: Theory ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	EconStor

Persistent link: https://www.econbiz.de/10011743303