Strategic Pricing, Consumer Search and the Number of Firms

DOI10.1111/0034-6527.00315zbMath1103.91027OpenAlexW4232703075MaRDI QIDQ4663340

José Luis Moraga-González, Maarten C. W. Janssen

Publication date: 30 March 2005

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/0034-6527.00315

zbMATH Keywords

strategic pricingoligopoly modelconsumer search intensityequilibrium expected pricenumber of market competitors

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26) Marketing, advertising (90B60)

Related Items (16)

Strategic complementarities and search market equilibrium ⋮ Sequential search and firm prominence ⋮ A survey of preference estimation with unobserved choice set heterogeneity ⋮ Rational buyers search when prices increase ⋮ On the profitability of reducing competition in all-pay auctions with risk averse bidders ⋮ Uncertain product availability in search markets ⋮ Entry and consumer welfare in a differentiated Cournot oligopoly ⋮ Product design in monopolistic competition ⋮ Insufficient entry and consumer search ⋮ Undesirable competition ⋮ Market share dynamics in a duopoly model with word-of-mouth communication ⋮ Information and coordination frictions in experimental posted offer markets ⋮ Dynamic price dispersion in Bertrand-Edgeworth competition ⋮ Personalized pricing and advertising: an asymmetric equilibrium analysis ⋮ A model of sales with a large number of sellers ⋮ Counterintuitive number effects in experimental oligopolies

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