منابع مشابه
Price Dispersion
A brief survey of the economics of price dispersion, written for the New Palgrave Dictionary of Economics, 2nd Edition. Journal of Economic Literature classification numbers: C72, D43, D82, D83. Price dispersion occurs when different sellers offer different prices for the same good in a given market. Thus, it differs from price discrimination under which a single seller offers different prices ...
متن کاملPrice Dispersion
We model firm pricing given consumers follow simple reservation price rules. Such reservation rules are rational when consumers are sufficiently impatient. The equilibrium exhibits price dispersion in pure strategies, with lower price firms earning higher profits. The range of price dispersion increases with the number of firms: the highest price is the monopoly one, while the lowest price tend...
متن کاملPrice Dispersion and Short Run Equilibrium in a Queuing Model∗
Price dispersion is analyzed in the context of a queuing market where customers enter queues to acquire a good or service and may experience delays. With menu costs, price dispersion arises and can persist in the medium and long run. The queuing market rations goods in the same way whether firm prices are optimal or not. Price dispersion reduces the rate at which customers get the good and redu...
متن کاملCollusion and Price Dispersion
While there are suggestions in applied cartel studies that price dispersion changes when cartelization of a market occurs, there are few theoretical or empirical analyses of this effect. This paper surveys the thin economic literature on the link between overt collusion and price dispersion. Formal theories and observation of cartel behavior suggest that during successfully collusive periods pr...
متن کاملMoney and Price Dispersion
We relax restrictions on the storage technology in a prototypical monetary search model to study price dispersion. When multiple units of currency can be stored, buyers and sellers enter matches with potentially different willingness to buy or sell. Across the distribution of possible bilateral matches, prices will generally differ even though agents have identical preferences and technologies....
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1115754