✦ LIBER ✦

POLICY WITH DISPERSED INFORMATION

✍ Scribed by George-Marios Angeletos; Alessandro Pavan

Book ID: 111758540
Publisher: MIT Press
Year: 2009
Tongue: English
Weight: 282 KB
Volume: 7
Category: Article
ISSN: 1542-4766
DOI: 10.1162/jeea.2009.7.1.11

No coin nor oath required. For personal study only.

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## Abstract The model of price‐matching policy emphasizes on the importance of information imperfection. The demand is derived based on the assumptions that consumers have different reservation prices and different preferences over location. When a firm undercuts its competitor's price, it changes