A Search Cost Model of Obfuscation
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...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Rand Corporation,
2012-10-11T20:29:05Z.
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| Subjects: | |
| Online Access: | Get fulltext |