Lin, Yu-Chen - In: Topics in Theoretical Economics 7 (2007) 1, pp. 1313-1313
We extend the Baye and Morgan (2001) model to study competition between price comparison sites in the information … market on the internet. We identify one symmetric sub-game perfect Nash equilibrium in which (1) price comparison sites set … comparison sites may reduce social welfare and joint profits of price comparison sites. In the equilibrium with each consumer …