English, Article, Journal or magazine article edition: Price Deception, Market Power and Consumer Policy Chris Wilson

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Bookmark: http://trove.nla.gov.au/version/49086
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Price Deception, Market Power and Consumer Policy
Author
  • Chris Wilson
Physical Description
  • preprint
Notes
  • This paper presents a model in which a firm attempts to gain market power by pricing above the competitive market price and simply trying to persuade ill-informed consumers not to search for other lower priced firms. Fictitious price comparisons, or false sale signs could be used in this way to deceptively and profitably deter consumer search. A simplified model shows how this mechanism could exist when combined with moderately enforced consumer regulatory policy.
  • Price communications, search deterrence, market power, cheap talk
  • RePEc:ccp:wpaper:wp04-01
Language
  • English
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