The Inefficiency of Arbitrage in an Equilibrium-Search Model

DOI10.2307/2297831MaRDI QIDQ5202795zbMATH OpenOpenAlexFDO

Authors Seamus D. Hogan

Publication date 1991

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

Full work available at URL https://doi.org/10.2307/2297831

zbMATH Keywords

consumer welfareentry of additional firmsequilibrium-search modelmonopoly power

Mathematics Subject Classification ID

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

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Cited in

(1)

• A note on the inefficiency of bidding over the price of a share

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