Add to ORKGWe study a dynamic model with an incumbent monopolist and entry in every subsequent period. We first show that if all consumers have the same switching cost, then the intertemporal profits of the incumbent are the same as if there was only one period. We then study the consequences of heterogeneity of switching costs. We prove that even low switching cost customers have value for the incumbent: when there are more of them its profits increase as their presence hinders entrants who find it more costly to attract high switching cost customers.
Consumers often incur costs when switching from one product to another. Recently there has been rene...
In a duopoly with price discrimination and switching costs, we analyse the evolution of market stru...
In many markets, consumers have "switching costs" (for example, learning costs or transaction costs)...
We study a dynamic model with an incumbent monopolist and entry in every subsequent period. We first...
We consider a simple two period model where consumers have different switching costs. Before the mar...
We analyse an infinite-period model of duopolistic competition in a market with consumer switching c...
We analyze an overlapping-generations model of duopolistic competition in the presence of consumer s...
Abstract. In a dynamic competitive environment, switching costs have two effects. First, they increa...
We consider a dynamic two-period model where two firms offer products that are differentiated a la H...
This paper studies a dynamic two-sided market in which consumers face switching costs between compet...
I analyze a dynamic duopoly with an infinite horizon where consumers are uncertain about their poten...
Consumers often incur costs when switching from one product to another. Recently, there has been ren...
The authors analyze the evolution of duopolists' prices and market shares in an infinite-period mark...
Abstract. Earlier work characterized pricing with switching costs as a dilemma between a short-term ...
In this article, I introduce a distinction between two kinds of consumer switching costs: "transacti...
Consumers often incur costs when switching from one product to another. Recently there has been rene...
In a duopoly with price discrimination and switching costs, we analyse the evolution of market stru...
In many markets, consumers have "switching costs" (for example, learning costs or transaction costs)...
We study a dynamic model with an incumbent monopolist and entry in every subsequent period. We first...
We consider a simple two period model where consumers have different switching costs. Before the mar...
We analyse an infinite-period model of duopolistic competition in a market with consumer switching c...
We analyze an overlapping-generations model of duopolistic competition in the presence of consumer s...
Abstract. In a dynamic competitive environment, switching costs have two effects. First, they increa...
We consider a dynamic two-period model where two firms offer products that are differentiated a la H...
This paper studies a dynamic two-sided market in which consumers face switching costs between compet...
I analyze a dynamic duopoly with an infinite horizon where consumers are uncertain about their poten...
Consumers often incur costs when switching from one product to another. Recently, there has been ren...
The authors analyze the evolution of duopolists' prices and market shares in an infinite-period mark...
Abstract. Earlier work characterized pricing with switching costs as a dilemma between a short-term ...
In this article, I introduce a distinction between two kinds of consumer switching costs: "transacti...
Consumers often incur costs when switching from one product to another. Recently there has been rene...
In a duopoly with price discrimination and switching costs, we analyse the evolution of market stru...
In many markets, consumers have "switching costs" (for example, learning costs or transaction costs)...