U.S. Securities and Exchange Commission In Brief FY 2013 Congressional Justification
U.S. Securities and Exchange Commission In Brief FY 2013 Congressional Justification
Some authors have modeled the multiproduct price competition in dierentiated goods where, as in our model, consumers can engage in mixing purchases between shops. Lal and Matutes (1989) have studied price competition in a duopoly selling two independent goods. They nd that in equilibrium retailers will charge dierent but deterministic prices and may even capture the entire consumer surplus of the less mobile consumers. As opposed to our model in Lal and Matutes (1989) goods are dierentiated (