Multi-Period Competition with Switching Costs.
We analyse an infinite-period model of duopolistic competition in a market with consumer switching costs, in which in every period new consumers arrive and a fraction of old consumers leaves. We show that prices (and profits) are higher than in a market without switching costs, and that this result...
| Main Authors: | , |
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| 格式: | Working paper |
| 語言: | English |
| 出版: |
CEPR
1990
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