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Sampling-Based Reasoning I: Price Competition and Product Differentiation

Spiegler Ran

in Bounded Rationality and Industrial Organization

Published in print:
2011
Published Online:
September 2011
ISBN:
9780195398717
eISBN:
9780199896790
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195398717.003.0006
Subject:
Economics and Finance, Behavioural Economics

This chapter introduces a model of sampling-based reasoning and examined price competition, technology adoption and product differentiation when consumers behave according to this model. It is shown ... More


Sampling-Based Reasoning II: Obfuscation

Spiegler Ran

in Bounded Rationality and Industrial Organization

Published in print:
2011
Published Online:
September 2011
ISBN:
9780195398717
eISBN:
9780199896790
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195398717.003.0007
Subject:
Economics and Finance, Behavioural Economics

This chapter extends the analysis of competitive markets when consumers employ sampling-based reasoning to situations in which firms can use obfuscation strategies to create price complexity. It is ... More


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