Relative Price Dispersion: Evidence and Theory

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چکیده

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منابع مشابه

price theory

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15 صفحه اول

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Asymmetry exists among the firms selling homogeneous product in online market. This paper provides a theoretical study on the equilibrium behavior of the firms and the information gatekeeper in a duopoly market with asymmetric sizes of loyal consumers. In equilibrium, the firm with larger number of loyal consumers tends to advertise less frequently but charges a lower average price whenever adv...

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Why Price Index Number Formulae Differ: Economic Theory and Evidence on Price Dispersion

Acknowledgements are due to the U.K Office for National Statistics (ONS) for supplying the data for this study. This follows a well established research link with the ONS which has been of much benefit to the authors. Naturally the ONS are not responsible for any views, errors of omission or commission in this paper. We also acknowledge useful comments from Malcolm Galatin (City College New Yor...

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ژورنال

عنوان ژورنال: American Economic Journal: Microeconomics

سال: 2019

ISSN: 1945-7669,1945-7685

DOI: 10.1257/mic.20170126