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Optimal price and advertising policy under atomistic competition

✍ Scribed by Mikuláš Luptáčik


Publisher
Elsevier Science
Year
1982
Tongue
English
Weight
625 KB
Volume
4
Category
Article
ISSN
0165-1889

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We analyze an oligopolistic competition with differentiated products and qualities. The quality of a product is not known to consumers. Each firm can make an imperfect disclosure of its product quality before engaging in price-signaling competition. There are two regimes for separating equilibrium i