Search, common knowledge, and competition

DOI10.1016/J.JET.2005.02.010MaRDI QIDQ854933zbMATHOpenAlexFDO

Authors Dmitri Kuksov

Publication date 7 December 2006

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

Full work available at URL https://doi.org/10.1016/j.jet.2005.02.010

zbMATH Keywords

uncertaintycommon knowledgesearch costs

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Price competition for an informed buyer
• Consumer search and price competition
• Limits of price competition: cost asymmetry and imperfect information
• Equilibrium pricing in a (partial) search market: the shopbot paradox
• Buyer search and price dispersion: a laboratory study.

Cites work

• Asset Prices and Trading Volume in a Beauty Contest
• Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion
• Comparing the Robustness of Trading Systems to Higher-Order Uncertainty
• Equilibrium Price Dispersion
• Global Games and Equilibrium Selection
• Public information, private information, and the multiplicity of equilibria in coordination games.

Cited in

(4)

• Price competition for an informed buyer
• Greater search cost reduces prices
• Imperfect common knowledge and the information value of prices
• Search theory of imperfect competition with decreasing returns to scale

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