Price competition and limited attention
Alexander Karpov ()
No 2017-89, Economics Discussion Papers from Kiel Institute for the World Economy (IfW)
The paper develops a model of price competition in presence of consumers with limited attention. Education and obfuscation marketing strategies are studied. It is shown that firms in highly competitive industries have incentives to obfuscate, but firms in low competitive industries have not.
Keywords: bounded rationality; hotelling linear city model; consideration set; limited attention; unawareness (search for similar items in EconPapers)
JEL-codes: D03 D11 D43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-gth, nep-mic and nep-mkt
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:201789
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