Market frictions: a unified model of search costs and switching costs
It is well known that search costs and switching costs can create market power by constraining the ability of consumers to change suppliers. While previous research has examined each cost in isolation, this paper demonstrates the benefits of examining the two types of friction in unison. The paper s...
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| Format: | Default Article |
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2012
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| Online Access: | https://hdl.handle.net/2134/15285 |
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