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: | Armstrong, M, Vickers, J |
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Format: | Working paper |
Published: |
University of Oxford
2018
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