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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP8970 |
DP8970 Switching Costs and Equilibrium Prices | |
Luis Cabral | |
发表日期 | 2012-05-23 |
出版年 | 2012 |
语种 | 英语 |
摘要 | In a competitive environment, switching costs have two effects. First, they increase the market power of a seller with locked-in customers. Second, they increase competition for new customers. I provide conditions under which switching costs decrease or increase equilibrium prices. Taken together, the suggest that, if markets are very competitive to begin with, then switching costs make them even more competitive; whereas if markets are not very competitive to begin with, then switching costs make them even less competitive. In the above statements, by "competitive" I mean a market that is close to a symmetric duopoly or one where the sellers' discount factor is very high. |
主题 | Industrial Organization |
关键词 | Price competition Switching costs |
URL | https://cepr.org/publications/dp8970 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537822 |
推荐引用方式 GB/T 7714 | Luis Cabral. DP8970 Switching Costs and Equilibrium Prices. 2012. |
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