Steady state price distributions in a noisy search equilibrium

DOI10.1006/JETH.1996.2189zbMATH0883.90025OpenAlexW2047321130MaRDI QIDQ1363523FDOQ1363523

Authors Kenneth Burdett, Melvyn G. Coles

Publication date 10 August 1997

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1006/jeth.1996.2189

zbMATH Keywords

repeat purchasenoisy search

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

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Cited in

(14)

• A simple model of price dispersion
• Co-evolution of firms and consumers and the implications for market dominance
• Equilibrium steady-state price distributions
• Dynamic competition with consumer inertia
• Sequentially mixed search and equilibrium price dispersion
• Price dynamics with customer markets
• Equilibrium price dispersion with sequential search
• Consumer inertia, firm growth and industry dynamics.
• Inflation, price competition, and consumer search technology
• Muddling through: Noisy equilibrium selection
• Bargaining in small dynamic markets
• Price distributions and competition
• Asymmetric equilibria in Stahl search model
• Equilibrium price dispersion with consumer inventories

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