Lach, Saul; Moraga-González, José-Luis - C.E.P.R. Discussion Papers - 2015
In markets where price dispersion is prevalent the relevant question is not what happens to the price when the number … market in the Netherlands, we find, first, that markets with a given number of competitors have price distributions that … first-order stochastically dominate the corresponding price distributions in markets with one more firm. Second, the …