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This paper studies the effects of 'price-matching' policies in the Bertrand oligopoly model. If one or more consumers incur enforcement costs to utilize price-matching clauses, the unique equilibrium outcome is the competitive one.
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well as the return to assets is uncertain. The correlation of an assets return with purchases at expected prices is shown … the accuracy of the mean and variance approximation. Uncertainty of consumption prices is shown to result in long (or …
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