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Titolo:
Price competition between an expert and a non-expert
Autore:
Bouckaert, J; Degryse, H;
Indirizzi:
State Univ Ghent, Dept Econ, B-9000 Ghent, Belgium State Univ Ghent Ghent Belgium B-9000 , Dept Econ, B-9000 Ghent, Belgium Univ Leuven, B-3000 Louvain, Belgium Univ Leuven Louvain Belgium B-3000Univ Leuven, B-3000 Louvain, Belgium Tilburg Univ, B-3000 Louvain, Belgium Tilburg Univ Louvain Belgium B-3000 ilburg Univ, B-3000 Louvain, Belgium
Titolo Testata:
INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION
fascicolo: 6, volume: 18, anno: 2000,
pagine: 901 - 923
SICI:
0167-7187(200008)18:6<901:PCBAEA>2.0.ZU;2-5
Fonte:
ISI
Lingua:
ENG
Keywords:
price competition; differentiation; re-entry; quality;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
Citazioni:
15
Recensione:
Indirizzi per estratti:
Indirizzo: Bouckaert, J State Univ Ghent, Dept Econ, Hoveniersberg 4, B-9000 Ghent, Belgium State Univ Ghent Hoveniersberg 4 Ghent Belgium B-9000 elgium
Citazione:
J. Bouckaert e H. Degryse, "Price competition between an expert and a non-expert", INT J IND O, 18(6), 2000, pp. 901-923

Abstract

This paper characterizes price competition between an expert and a non-expert. In contrast with the expert, the non-expert's repair technology is notalways successful. Consumers visit the expert after experiencing an unsuccessful match at the non-expert. This re-entry affects the behavior of both sellers. For low enough probability of successful repair at the non-expert,all consumers first visit the non-expert, and a 'timid-pricing' equilibrium results. If the non-expert's repair technology performs well enough, it pays for some consumers to disregard the non-expert a visit. They directly go to the expert's shop, and an 'aggressive-pricing' equilibrium pops up. For intermediate values of the non-expert's successful repair a 'mixed-pricing' equilibrium emerges where the expert randomizes over the monopoly price and some lower price. (C) 2000 Elsevier Science BN. All rights reserved.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 04/12/20 alle ore 13:25:15