offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …

Bordalo et al. (2013), this can have severe welfare implications. The ensuing excessive competition for headline prices tends … into lower headline prices, which aggravates the problem, competition policy is no substitute for consumer protection …

We consider a dynamic oligopoly on the beer market and study the differential effects of switching costs on product … the high-quality firm’s product than vice versa. The high-quality firm is better shielded from price competition, as its …

We study the collusive efficacy of competition clauses (CC) such as the meeting competition clause (MCC) and the … beating competition clauses (BCC) in a general framework. In contrast to previous theoretical studies, we allow for repeated …

competition under duopoly and derive the Markov Perfect Equilibrium pricing strategies.Contrary to intuition we find that …

competition compared to firms under absolute payoffs maximizing (APM) behavior? In this paper we will address this issue through a … simple model of symmetric oligopoly where firms select a two dimensional strategy set of price and a non-price variable known … stricter competition compared to the Nash equilbrium (APM). In fact, the comparison between two equilibrium concepts is …