Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 3, 2023 erstellt
Beschreibung:
We decompose product comparability into a price component and a design component relating to preference matches, and examine the incentives for price-setting firms to manipulate each component. First, we analyse price competition for given product comparability. Improved price (design) comparability leads to more (less) intense price competition. We then examine message and price competition. If messages are impactful on equilibrium comparability, firms associate higher relative prices with messages that increase design comparability and decrease price comparability