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On the use of low-price guarantees to discourage price cutting
Abstract This paper formulates a novel test to assess whether, and to what extent, firms might be using low-price guarantees to discourage their rivals from cutting prices. The test is based on aExpand
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Evaluating environmental impacts of contrasting pig farming systems with life cycle assessment.
Environmental impacts of 15 European pig farming systems were evaluated in the European Union Q-PorkChains project using life cycle assessment. One conventional and two non-conventional systems wereExpand
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Hassle Costs: The Achilles' Heel of Price‐Matching Guarantees*
We show that price-matching guarantees can facilitate monopoly pricing only if firms automatically match prices. If consumers must instead request refunds (thereby incurring hassle costs), we findExpand
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On the Incidence and Variety of Low‐Price Guarantees*
This paper provides evidence of the incidence and variety of low‐price guarantees (promises to match or beat a rival’s price) using data obtained from newspaper advertisements in 37 metropolitanExpand
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Promises to match or beat the competition: Evidence from retail tire prices
Given the widespread adoption of low-price guarantees and discussion of their anti-competitive effects in the theoretical literature, it is unfortunate that there is little empirical evidenceExpand
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Export Subsidies as Signals of Competitiveness
In a Cournot duopoly model of international competition between a domestic and foreign firm, it is shown that when the foreign firm has incomplete information about the marginal cost of the domesticExpand
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VERTICAL AGREEMENTS BETWEEN SUPPLIERS AND RETAILERS THAT SPECIFY A RELATIVE PRICE RELATIONSHIP BETWEEN COMPETING PRODUCTS OR COMPETING RETAILERS
This report summarises the economic theory and case law as it relates to recent cases involving vertical agreements specifying horizontal price links. We first identify two classes of verticalExpand
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Tacit Collusion under Destination-and Origin-Based Commodity Taxation
The paper employs a standard model of dynamic price competition to study how international principles of value-added taxation affect the stability of collusive agreements when producers in anExpand
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Non�?Discrimination Clauses in the Retail Energy Sector
The British energy regulator has recently reviewed a non‐discrimination licence condition imposed to ensure that energy retailers charge the same mark‐up in different regions. Loyalty by many toExpand
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LONG-TERM CONTRACTS AND RELATIONAL CONTRACTS
This chapter discusses the literature on long-term contracts and relational contracts. The central issues in the literature on long-term contracts are the effects of renegotiation and what theseExpand
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