Competition in posted prices with stochastic discounts
We study price competition between firms over public list or posted prices when a fraction of consumers (termed 'bargainers') can subsequently receive discounts with some probability. Such stochastic discounts are a feature of markets in which some consumers bargain explicitly; of markets...
| Main Authors: | , |
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| Format: | Working paper |
| Udgivet: |
University of Oxford
2013
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