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Price Deception, Market Power and Consumer Policy

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Author Info
Chris Wilson () (Department of Economics, University of Oxford)
Abstract

This paper presents a model in which a firm attempts to gain market power by pricing above the competitive market price and simply trying to persuade ill-informed consumers not to search for other lower priced firms. Fictitious price comparisons, or false sale signs could be used in this way to deceptively and profitably deter consumer search. A simplified model shows how this mechanism could exist when combined with moderately enforced consumer regulatory policy.

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Publisher Info
Paper provided by Centre for Competition Policy, University of East Anglia in its series Working Papers with number 04-1.

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Length: 27 pages
Date of creation: Sep 2004
Date of revision:
Handle: RePEc:ccp:wpaper:wp04-01

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Related research
Keywords: Price communications; search deterrence; market power; cheap talk;

Find related papers by JEL classification:
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
L49 - Industrial Organization - - Antitrust Issues and Policies - - - Other

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This page was last updated on 2009-12-22.

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