Rational buyers search when prices increase

DOI10.1016/J.JET.2020.104998MaRDI QIDQ2173083zbMATH OpenOpenAlexFDO

Authors Yanyan Li

Publication date 22 April 2020

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

Full work available at URL https://doi.org/10.1016/j.jet.2020.104998

zbMATH Keywords

asymmetric informationprice adjustmentsearch

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Recommendations

• Consumer search and price competition
• Buyer search and price dispersion: a laboratory study.
• Dynamic price competition
• Competitive dynamic pricing with alternating offers: theory and experiment
• Equilibrium pricing in a (partial) search market: the shopbot paradox

Cites work

• Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion
• Equilibrium Price Dispersion
• Equilibrium Selection in Signaling Games
• Games with randomly disturbed payoffs: a new rationale for mixed-strategy equilibrium points
• Learning in an Equilibrium Search Model
• Non-reservation price equilibria and consumer search
• Price dynamics with customer markets
• Search deterrence
• Search with Learning from Prices: Does Increased Inflationary Uncertainty Lead to Higher Markups
• Strategic Pricing, Consumer Search and the Number of Firms

Cited in

(3)

• Why do larger buyers pay lower prices? Intense supplier competition
• Finitely repeated search and the diamond paradox
• Price dynamics with customer markets

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