Oligopolistic pricing with heterogeneous consumer search

摘要: Abstract A finite number of identical stores sell a homogeneous good to consumers with heterogeneous search costs who sequentially perfect recall and without replacement. Consumers' rules are optimal respect the stores' pricing strategies, must visit store obtain information about its actual price. symmetric Nash equilibrium (SNE) always exists. The model exhibits variety behaviors between monopoly marginal-cost pricing. competitiveness market depends crucially on shape cost distribution, moreso than competing firms.