Price dispersion in a directed search model

被引：1
|
作者：
Huang, Ce [1 ]
机构：
[1] Southwestern Univ Finance & Econ, Sch Publ Finance & Taxat, Chengdu, Peoples R China
来源：
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE | 2016年 / 49卷 / 03期
关键词：
CAPACITY CONSTRAINTS; EQUILIBRIUM;
D O I：
10.1111/caje.12230
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates a directed search model in which some buyers are uninformed about prices. We find that sellers' strategies are given by discrete distributions in any symmetric pricing equilibrium. When the proportion of uninformed buyers is sufficiently high, the unique symmetric pricing equilibrium involves a countably infinite number of atoms.
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页码：1208 / 1223
页数：16
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