Burdett, K and Smith, E (2010) Price distributions and competition. Economics Letters, 106 (3). pp. 180-183. DOI https://doi.org/10.1016/j.econlet.2009.11.014
Burdett, K and Smith, E (2010) Price distributions and competition. Economics Letters, 106 (3). pp. 180-183. DOI https://doi.org/10.1016/j.econlet.2009.11.014
Burdett, K and Smith, E (2010) Price distributions and competition. Economics Letters, 106 (3). pp. 180-183. DOI https://doi.org/10.1016/j.econlet.2009.11.014
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: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 29 Jun 2012 20:22 |
| Last Modified: | 06 Jan 2022 13:30 |
| URI: | http://repository.essex.ac.uk/id/eprint/2664 |