Equilibrium Comparison Shopping

DOI10.2307/2297020MaRDI QIDQ3877348zbMATH OpenOpenAlexFDO

Authors Louis L. Wilde, Alan L. Schwartz

Publication date 1979

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2297020

zbMATH Keywords

competitive equilibriumimperfect informationdegenerate equilibriumuncertain pricescompetitive pricehomogeneous goodsearch activityequilibrium comparison shopping

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50) Trade models (91B60)

Cited in

(9)

• A theory of search with deadlines and uncertain recall
• Bertrand price competition with differentiated commodities
• A hybrid equilibrium in segmented markets: The three-firm case
• Dynamic duopoly with learning through market experimentation
• Parallel search for the best alternative
• Dynamics sales discriminate against uninformed consumers in a competitive market
• Costly diagnosis and price dispersion
• Limits of price competition: cost asymmetry and imperfect information
• Monopolistic competition, aggregation of competitive information, and the amount of product differentiation

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