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

DOI10.2307/2297813zbMATH Open0825.90121OpenAlexW2054993049MaRDI QIDQ4033902FDOQ4033902

Robert H. Gertner, Roland Benabou

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

Recommendations

• Inflation, price competition, and consumer search technology
• Search, Price Setting and Inflation
• Relative price and inflation variability in a simple consumer search model
• Learning in an Equilibrium Search Model
• Search, Sticky Prices, and Inflation

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)

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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