Nothing so Certain as your Anchors? A Consumer Bias that may Lower Prices and Prevent Cartels
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DOI: 10.1007/s10842-016-0238-8
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More about this item
Keywords
Reference price; Anchoring; Consumer bias; Bertrand competition; Collusion;All these keywords.
JEL classification:
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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