haku: @author Corts, K. / yhteensä: 2
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| Tekijä: | Corts, K. |
| Otsikko: | On the competitive effects of price-matching policies |
| Lehti: | International Journal of Industrial Organization
1997 : MAY, VOL. 15:3, p. 283-300 |
| Asiasana: | INDUSTRIAL ORGANIZATION INTERNATIONAL PRICE POLICY |
| Kieli: | eng |
| Tiivistelmä: | This paper challenges the conventional wisdom that price-matching policies lead to supracompetitive prices by reducing firms' incentives to undercut rivals. The author argues that price-matching and price-beating policies are more appropriately viewed as a means of price discrimination and develop a model that demonstrates their use as such. Analysis of this model shows that, in contrust to the results of the existing literature, price-matching and price-beating may raise or lower equilibrium prices relative to the equilibrium in which firms may not adopt such policies. |
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