Add to ORKGThis paper considers a dynamic model of price competition in which sellers are endowed with one unit of the good and compete by posting prices in every period. Buyers each demand one unit of the good and have a common reservation price. They have full information regarding the prices posted by each firm in the market; hence, search is costless. The number of buyers coming to the market in each period is random. We characterize the dynamics of market prices and show that price dispersion persists over time
"In an efficient market all identical goods must have only one price." So states the aptly named la...
Homogeneous goods often sell at different prices within the same market. This paper proposes a theor...
We consider the ubiquitous problem of a seller competing in a market of a product with dispersed pri...
This paper considers a dynamic model of price competition in which sellers are endowed with one unit...
We examine whether price dispersion is an equilibrium phenomenon or a cyclical phe-nomenon. We devel...
We relax restrictions on the storage technology in a prototypical monetary search model to study pri...
Presented is an analytic microeconomic model of the temporal price dispersion of homogeneous goods ...
We consider consumers with the same reservation price, who desire to buy at most one unit of a good....
Very preliminary and incomplete. This version may contain significant mistakes, omissions, and uncle...
This paper uses networks to study price dispersion in seller-buyer markets where buyers with unit de...
This thesis develops a model in which homogeneous producers and merchants interact repeatedly in a s...
This paper studies the consequence of an imprecise recall of the price by the consumers in the Bertr...
This paper analyzes price competition in an infinitely repeated duopoly game. In each period, consum...
Considerable evidence demonstrates that significant dispersion exists in the prices charged for seem...
We report a continuous time experiment studying the classic Burdett and Judd (1983)model, whose uniq...
"In an efficient market all identical goods must have only one price." So states the aptly named la...
Homogeneous goods often sell at different prices within the same market. This paper proposes a theor...
We consider the ubiquitous problem of a seller competing in a market of a product with dispersed pri...
This paper considers a dynamic model of price competition in which sellers are endowed with one unit...
We examine whether price dispersion is an equilibrium phenomenon or a cyclical phe-nomenon. We devel...
We relax restrictions on the storage technology in a prototypical monetary search model to study pri...
Presented is an analytic microeconomic model of the temporal price dispersion of homogeneous goods ...
We consider consumers with the same reservation price, who desire to buy at most one unit of a good....
Very preliminary and incomplete. This version may contain significant mistakes, omissions, and uncle...
This paper uses networks to study price dispersion in seller-buyer markets where buyers with unit de...
This thesis develops a model in which homogeneous producers and merchants interact repeatedly in a s...
This paper studies the consequence of an imprecise recall of the price by the consumers in the Bertr...
This paper analyzes price competition in an infinitely repeated duopoly game. In each period, consum...
Considerable evidence demonstrates that significant dispersion exists in the prices charged for seem...
We report a continuous time experiment studying the classic Burdett and Judd (1983)model, whose uniq...
"In an efficient market all identical goods must have only one price." So states the aptly named la...
Homogeneous goods often sell at different prices within the same market. This paper proposes a theor...
We consider the ubiquitous problem of a seller competing in a market of a product with dispersed pri...