Yang, Yang; Wu, Cheng-Hung; Chen, Ying-Ju - 2023
. Competing firms can dynamically change prices and redesign their products to in- crease or decrease switching costs in each … strategies: the ”demand-SC relationship.” Our theoretical results formally document three effects of switching costs: the anti …-monopoly effect of small switching costs that boosts price competition, the monopoly effect of large switching costs, and the …