Burdett, K and Smith, E (2009) Price distributions and competition. UNSPECIFIED. Federal Reserve Bank of Atlanta ,Working Papers, 2009-27.
Burdett, K and Smith, E (2009) Price distributions and competition. UNSPECIFIED. Federal Reserve Bank of Atlanta ,Working Papers, 2009-27.
Burdett, K and Smith, E (2009) Price distributions and competition. UNSPECIFIED. Federal Reserve Bank of Atlanta ,Working Papers, 2009-27.
Abstract
Considerable evidence demonstrates that significant dispersion exists in the prices charged for seemingly homogeneous goods. This paper adopts a simple, flexible equilibrium model of search to investigate the way the market structure influences price dispersion. Using the noisy search approach, the paper demonstrates the effects of having a single large, price-leading firm with multiple outlets and a competitive fringe of small firms with one retail outlet each.
| Item Type: | Monograph (UNSPECIFIED) |
|---|---|
| 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: | 03 Jul 2012 11:02 |
| Last Modified: | 16 May 2024 18:37 |
| URI: | http://repository.essex.ac.uk/id/eprint/2667 |