Price competition with satisficing consumers
نویسندگان
چکیده
منابع مشابه
Price and Quality Competition with Boundedly Rational Consumers∗
We consider a market model with n rational firms (doctors) and a continuum of boundedly rational consumers (patients). Following Spiegler (2006a), we assume that patients are not familiar with the market and rely on anecdotes. We analyze the price setting game played by doctors with given, different healing qualities. Doctors know their own quality, as well as the qualities of their competitors...
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ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2018
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2017.09.001