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Search, switching costs and the design of optimal competition policy (SASWCO)
Start date: Sep 1, 2007, End date: Aug 31, 2011,
In real-world markets consumers face search and switching costs. These costs have received significant theoretical consideration in separate literatures. The received wisdom is that search and switching costs have pervasive consequences in markets because they confer market power to the firms. As a result, prices are often dispersed and higher than what are desirable from a welfare standpoint. Des ...
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