We consider a standard model of consumer switching costs with demand uncertainty where firms observe private information about demand. Given this private information, each firm forms beliefs over different demand realizations as well as beliefs over the other firm's information. The main result here is that in the first period, if firms observe information suggesting that future demand is Likely to be high, they will price aggressively, sacrificing current profits for higher market share and the expectation of higher future profits. (C) 1999 Published by Elsevier Science S.A. All rights reserved
This paper studies competition between firms when consumers observe a private signal of their prefer...
When demand is noisy and firms’ costs are uncertain, the availability of market share data increases...
This paper investigates price competition with private information on the demand side. Two sellers e...
We consider a standard model of consumer switching costs with demand uncertainty where firms observe...
textThis work analyzes the effects that different information structures on the demand side of the m...
- Work in progress, please do not circulate-Suppose consumers are loss-averse but fully informed abo...
As is well-known from the literature on oligopolistic competition with incomplete information, firms...
This paper investigates the competitive and welfare effects of information accuracy improvements in ...
This paper further develops the standard modelling of information exchange between firms in the pres...
We examine the impact of public information in an economy where agents also have diverse private inf...
This paper investigates the competitive and welfare effects of information accuracy improvements in ...
This paper further develops the standard modelling of information exchange bet-ween firms in the pre...
Advances in information technology increasingly allow firms to identify expensive, high-cost custome...
International audienceThis paper studies the switching of trading strategies and its effect on the m...
This paper studies competition between firms when consumers observe a private signal of their prefer...
This paper studies competition between firms when consumers observe a private signal of their prefer...
When demand is noisy and firms’ costs are uncertain, the availability of market share data increases...
This paper investigates price competition with private information on the demand side. Two sellers e...
We consider a standard model of consumer switching costs with demand uncertainty where firms observe...
textThis work analyzes the effects that different information structures on the demand side of the m...
- Work in progress, please do not circulate-Suppose consumers are loss-averse but fully informed abo...
As is well-known from the literature on oligopolistic competition with incomplete information, firms...
This paper investigates the competitive and welfare effects of information accuracy improvements in ...
This paper further develops the standard modelling of information exchange between firms in the pres...
We examine the impact of public information in an economy where agents also have diverse private inf...
This paper investigates the competitive and welfare effects of information accuracy improvements in ...
This paper further develops the standard modelling of information exchange bet-ween firms in the pre...
Advances in information technology increasingly allow firms to identify expensive, high-cost custome...
International audienceThis paper studies the switching of trading strategies and its effect on the m...
This paper studies competition between firms when consumers observe a private signal of their prefer...
This paper studies competition between firms when consumers observe a private signal of their prefer...
When demand is noisy and firms’ costs are uncertain, the availability of market share data increases...
This paper investigates price competition with private information on the demand side. Two sellers e...