Multi-period Competition with Switching Costs.
The authors analyze the evolution of duopolists' prices and market shares in an infinite-period market with consumer switching costs in which in every period new consumers arrive and a fraction of old consumers leaves. They show prices (and profits) are higher than without switching costs and t...
| Автори: | , |
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| Формат: | Journal article |
| Мова: | English |
| Опубліковано: |
Econometric Society
1992
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