Price competition between an expert and a non-expert

Research, Preprint, Article English OPEN
Bouckaert, J.M.C.; Degryse, H.A.;
  • Publisher: Finance
  • Subject: L13 - Oligopoly and Other Imperfect Markets | D43 - Oligopoly and Other Forms of Market Imperfection | price competition | price competition;product differentiation;quality | L15 - Information and Product Quality ; Standardization and Compatibility | quality | price competition; product differentiation; quality | differentiation; Price Competition; Quality; re-entry | product differentiation
    • jel: jel:D43 | jel:L15 | jel:L13
    acm: TheoryofComputation_MISCELLANEOUS | TheoryofComputation_GENERAL

This paper characterizes price competition between an expert and a non-expert. In contrast with the expert, the non-expert’s repair technology is not always successful. Consumers visit the expert after experiencing an unsuccessful match at the non-expert. This re-entry ... View more
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