Search with Learning from Prices: Does Increased Inflationary Uncertainty Lead to Higher Markups

DOI10.2307/2297813MaRDI QIDQ4033902zbMATH OpenOpenAlexFDO

Authors Roland Benabou, Robert H. Gertner

Publication date 16 May 1993

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

Full work available at URL https://doi.org/10.2307/2297813

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Consumer behavior, demand theory (91B42) Microeconomic theory (price theory and economic markets) (91B24) Economics of information (91B44)

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Cited in

(11)

• Relative price and inflation variability in a simple consumer search model
• Inflation and relative price variability.
• (Quasi) uniqueness and restoring dynamics of price-dispersion market equilibria under search cost
• The impact of competition on prices with numerous firms
• A model of temporary search market equilibrium
• Inflation, price competition, and consumer search technology
• Rational buyers search when prices increase
• Uncertain product availability in search markets
• Limits of price competition: cost asymmetry and imperfect information
• Non-reservation price equilibria and consumer search
• Strategic complementarities and search market equilibrium

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