Patterns of competition with captive customers
We study mixed-strategy equilibrium pricing in oligopoly settings where con-sumers vary in the set of suppliers they consider for their purchase-some being captive to a particular firm, some consider two particular firms, and so on. In the case of "nested reach" we find equilibria, unlike...
| Main Authors: | , |
|---|---|
| Format: | Working paper |
| Published: |
University of Oxford
2018
|