Limits of price competition: cost asymmetry and imperfect information

DOI10.1007/S00182-020-00717-1MaRDI QIDQ2021802zbMATH OpenOpenAlexFDO

Authors Sneha Bakshi

Publication date 27 April 2021

Published in International Journal of Game Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00182-020-00717-1

zbMATH Keywords

price competitionasymmetric costsmonopoly pricesuninformed buyers

Mathematics Subject Classification ID

Applications of game theory (91A80) Noncooperative games (91A10) Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• A Model in which an Increase in the Number of Sellers Leads to a Higher Price
• Asymmetric marginal costs in search models
• Bargaining, Search Costs and Equilibrium Price Distributions
• Bertrand without fudge
• Bertrand-Edgeworth Oligopoly in Large Markets
• Bertrand-Edgeworth duopoly with unit cost asymmetry
• Equilibrium Comparison Shopping
• Equilibrium Price Dispersion
• Learning in an Equilibrium Search Model
• Mixed pricing in oligopoly
• Price Setting and Competition in a Simple Duopoly Model
• Price competition in a capacity-constrained duopoly
• Search with Learning from Prices: Does Increased Inflationary Uncertainty Lead to Higher Markups
• The informational divide

Cited in

(20)

• Judo economics in markets with asymmetric firms
• Search, common knowledge, and competition
• Imperfect Information and the Equitability of Competitive Prices
• Ambiguity and price competition
• Newsvendor competition under asymmetric cost information
• Symmetry restoration by pricing in a duopoly of perishable goods
• Price competition for an informed buyer
• Imperfect competition with complements and substitutes
• Price competition under limited comparability
• Simultaneous vs. sequential price competition with incomplete information
• The investment effects of price caps under imperfect competition: a note
• Partial shrouding in asymmetric markets
• An asymmetric duopoly model of price framing
• Information, Bertrand-Edgeworth competition and the law of one price
• Imperfectly competitive factor markets and price normalization
• Oligopoly with a large number of competitors: asymmetric limit result
• Overhead Cost and Price Behavior: The Role of Market Intransparency, Search, and Price Randomization
• Competition with an information clearinghouse and asymmetric firms: why more than two firms compete (or not) for shoppers
• Asymmetric information and exchange of information about product differentiation
• Price-setting dynamical duopoly with incomplete information

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