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A Search Cost Model of Obfuscation

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NBER2009-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15237
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This paper develops search-theoretic models in which it is individually rational for firms to engage in obfuscation. It considers oligopoly competition between firms selling a homogeneous good to a population of rational consumers who incur search costs to learn each firm's price. Search costs are
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2009-08-01
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