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Equilibrium Comparison Shopping

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Publication:3877348
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DOI10.2307/2297020zbMath0436.90020OpenAlexW2018142461MaRDI QIDQ3877348

Louis L. Wilde, Alan L. Schwartz

Publication date: 1979

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297020


zbMATH Keywords

competitive equilibriumimperfect informationdegenerate equilibriumuncertain pricescompetitive pricehomogeneous goodsearch activityequilibrium comparison shopping


Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Trade models (91B60) General equilibrium theory (91B50)


Related Items (9)

Parallel search for the best alternative ⋮ Dynamic duopoly with learning through market experimentation ⋮ Bertrand price competition with differentiated commodities ⋮ A theory of search with deadlines and uncertain recall ⋮ Dynamics sales discriminate against uninformed consumers in a competitive market ⋮ Costly diagnosis and price dispersion ⋮ Limits of price competition: cost asymmetry and imperfect information ⋮ Monopolistic competition, aggregation of competitive information, and the amount of product differentiation ⋮ A hybrid equilibrium in segmented markets: The three-firm case







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