Patterns of competitive interaction

We explore patterns of price competition in an oligopoly where consumers vary in the set of firms they consider for their purchase and buy from the lowest-priced firm they consider. We study a pattern of consideration, termed "symmetric interactions", that generalises models used in existi...

Full description

Bibliographic Details
Main Authors: Armstrong, C, Vickers, J
Format: Working paper
Language:English
Published: University of Oxford 2021