Ivanov, Andrey V.; Müller, Florian - 2006 - This Version: V 3.5.1, May 26, 2006
Conventionally, we think of an increase in competition as weakly decreasing prices, increasing the number of consumers served, thus increasing consumer surplus, decreasing firms profits, etc. Here, we demonstrate that, under some tame circumstances, an increase in competition may lead to a price...
