Three essays on low-price guarantees

Liping Zhang
This thesis consists of three essays and one literature review. The thesis examines theoretically the effects of Low-Price Guarantees (LPGs), which are increasingly common in retail markets and goods industries. Although the essays in this thesis share a common theme, they can be read independently without impeding the readers' understanding of the issues discussed in each. The first essay studies the effects of LPGs in the search model of Salop and Stiglitz (1977). This model...
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