Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062130 | Economics Letters | 2007 | 7 Pages |
Abstract
Price competition is explored when consumers costlessly learn product prices but not ancillary fees and have greater disutility to paying these fees. There is a unique symmetric Nash equilibrium price between the competitive (Bertrand) and monopoly (Diamond) prices.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Joseph E. Jr., Megan F. Leahey,