This paper studies the effects of 'price-matching' policies in the Bertrand oligopoly model. If one or more consumers incur enforcement costs to utilize price-matching clauses, the unique equilibrium outcome is the competitive one.
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Publisher Info
Paper provided by Osaka - Institute of Social and Economic Research in its series Papers with number
472.
Length: 8 pages Date of creation: 1999 Date of revision: Handle: RePEc:fth:osakae:472
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Find related papers by JEL classification: D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
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