Strategic Pricing, Consumer Search and the Number of Firms

By M. Janssen, José L. Moraga‐González. 2004

288 citations recorded by the source corpus.

Subfields: Management Science and Operations Research, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/df069fa2accd350d620841bd61cfa917e43430ec

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Citations in the corpus

Does Digital Divide or Provide? The Impact of Cell Phones on Grain Markets in Niger (2008, background): “defined as | | jt it p p  ; t ij cell , is a variable that is equal to one in all periods t in which both markets i and j have mobile phone access, and 0 otherwise.(23) t ij Z , is a vector of exogenous regressors that affect price”
Information, Search, and Price Dispersion (2006, background): “Smith (2002), Johnson (2002), Gatti and Kattuman (2003), and Aalto-Setälä (2003). More recently, Eckard (2004) compares price dispersion for staple products in 1901 and 2001, and reports coe¢ cients of variation in 2001 that are almost twice those based on data from 1901.”
Price‐increasing competition (2008, background): “This can cause the equilibrium market price to increase with the number of firms (Satterthwaite, 1979; Stiglitz, 1987; Schulz and Stahl, 1996; Janssen and Moraga-González, 2004).5 An alternative approach assumes that each seller faces two groups of consumers, a captured loyal group and a switching…”
An empirical model of search with vertically differentiated products (2011, methodology): “The density function in equation (8) can be used to estimate the search cost distribution by maximum likelihood.”
Price and Variety in the Spokes Model (2007, background): “8 Other oligopoly models in which price rises with more firms are based on imperfect consumer information, e.g., Janssen and Moraga-González (2004); Satterthwaite (1979); Schulz and Stahl (1996); and Stiglitz (1987), or mixed-strategy pricing (Rosenthal, 1980).”
Search Frictions and Market Power in Negotiated-Price Markets (2019, background): “As pointed out by Janssen and Moraga-Gonzalez (2004), the effect of market concentration on consumer welfare and on the distribution of prices is ambiguous when search frictions are important.”