Friday, October 2, 2015
Instability of Endogenous Price Dispersion Equilibria: A Simulation
Lucas Herrenbrueck (Simon Fraser University) explores Instability of Endogenous Price Dispersion Equilibria: A Simulation. ABSTRACT: Models of price posting by firms and search by consumers often feature equilibria with endogenous price dispersion. However, such equilibria are fragile in the sense...
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