Janssen, Maarten; Parakhonyak, Alexei - Tinbergen Instituut - 2009
largerunder minimum price guarantees than without it. We also show that anequilibrium where all firms offer minimum price … guarantees does not existbecause of a free-riding problem. Minimum price guarantees can onlybe an equilibrium phenomenon in an …This paper is the first to examine the effect of minimum price guaranteesin a sequential search model. Minimum price …