Steady state price distributions in a noisy search equilibrium
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Publication:1363523
DOI10.1006/jeth.1996.2189zbMath0883.90025OpenAlexW2047321130MaRDI QIDQ1363523
Melvyn G. Coles, Kenneth Burdett
Publication date: 10 August 1997
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1006/jeth.1996.2189
Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62) Consumer behavior, demand theory (91B42)
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Inflation, price competition, and consumer search technology ⋮ A simple model of price dispersion ⋮ Dynamic competition with consumer inertia ⋮ Bargaining in small dynamic markets ⋮ Co-evolution of firms and consumers and the implications for market dominance ⋮ Consumer inertia, firm growth and industry dynamics. ⋮ PRICE DYNAMICS WITH CUSTOMER MARKETS
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