Search with Learning from Prices: Does Increased Inflationary Uncertainty Lead to Higher Markups

DOI10.2307/2297813zbMath0825.90121OpenAlexW2054993049MaRDI QIDQ4033902

Robert H. Gertner, Roland Benabou

Publication date: 16 May 1993

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

Full work available at URL: https://doi.org/10.2307/2297813

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26) Economics of information (91B44) Consumer behavior, demand theory (91B42)

Related Items (10)

The impact of competition on prices with numerous firms ⋮ Strategic complementarities and search market equilibrium ⋮ Rational buyers search when prices increase ⋮ A model of temporary search market equilibrium ⋮ Non-reservation price equilibria and consumer search ⋮ Uncertain product availability in search markets ⋮ (Quasi) uniqueness and restoring dynamics of price-dispersion market equilibria under search cost ⋮ Relative price and inflation variability in a simple consumer search model ⋮ Limits of price competition: cost asymmetry and imperfect information ⋮ Inflation and relative price variability.

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