Price Dispersion and Price Discrimination: Empirical Evidence from a Spot Market for Water

被引:0
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作者
David W. Yoskowitz
机构
[1] Texas A & M University –,Department of Finance, Economics & Decision Sciences
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关键词
Price discrimination; price dispersion; search costs; water market;
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摘要
This note shows the existence of price dispersion and pricediscrimination in a spot market for water.Several behaviors contributing to this dispersion/discrimination arefound for both the seller and buyer in this relatively competitive market,and examples are given of each. Using some previous theoretical work,the common thread linking the differing behaviors is shown to bediffering levels of information and search costs.
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页码:283 / 289
页数:6
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