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Price distributions and competition

Burdett, K and Smith, E (2010) 'Price distributions and competition.' Economics Letters, 106 (3). pp. 180-183. ISSN 0165-1765

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Abstract

This paper utilizes an equilibrium search model to investigate market structure and price dispersion. In a market with one large firm and a competitive fringe, the large firm offers the highest price. Fringe firms offer a distribution of lower prices.

Item Type: Article
Uncontrolled Keywords: Search; Price dispersion; Market leader; Competitive fringe
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 29 Jun 2012 20:22
Last Modified: 06 Jan 2022 13:30
URI: http://repository.essex.ac.uk/id/eprint/2664

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