Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - In: European Economic Review 68 (2014) C, pp. 199-218
competition on the markup of the price leader. One more firm in the market is associated with a reduction of the price leader …׳s markup which is equivalent to competition between existing firms for an additional 3weeks in the product life cycle. Our … results support search theoretic models and contradict models of monopolistic competition. Moreover our results support the …