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T1  - A micro foundation of obfuscation : time cost, strategic complexity and consumer deadlines 
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UR  - http://hdl.handle.net/10138/208449 
T3  - HECER Discussion Paper ; 414 
A1  - Hämäläinen, Saara 
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PB  - HECER – Helsinki Center of Economic Research 
Y1  - 2017 
LA  - eng 
AB  - We consider a price search model with gradual information arrival and deadlines to study how consumers search within and across stores during a single search spell. This renders the effects of search costs smooth and allows us to endogenize the intensity of competition in a new way that avoids both Diamond and Bertrand paradoxes. 

Firms can commit to any choice complexity levels. They determine the relative numbers of informed and uninformed consumers, which equal in equilibrium. The outcome ... 
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