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Price-matching guarantees: Influences on pricing strategy in a market with asymmetric firms

✍ Scribed by Dong-Hee Koh; Junyean Moon; Ralf Schellhase


Book ID
118474279
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
583 KB
Volume
65
Category
Article
ISSN
0148-2963

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The model depicts a single market where firms select prices every new transaction date. The customers, who are input-purchasing firms, decide every new date how much to buy from each supplier. The optimisation decisions of customers are based on price information and are, in addition, influenced by