Limited memory consumers and price dispersion

• Autores: Levent Kutlu
• Localización: Review of Industrial Organization, ISSN-e 1573-7160, Vol. 46, Nº. 4 (June 2015), 2015, págs. 349-357
• Idioma: inglés
• DOI: 10.1007/s11151-015-9452-5
• Texto completo no disponible (Saber más ...)
• Resumen

  • We examine the effects of limited consumer memory on the pricing strategies of competing firms. We show that when the valuations of consumers are heterogeneous, it is possible to observe price dispersion even when each firm charges a single price.