Finitely repeated search and the diamond paradox

Arthur Fishman

doi:10.1016/j.econlet.2021.109933

Finitely repeated search and the diamond paradox

Arthur Fishman

Department of Economics and Business Administration

نتاج البحث: نشر في مجلة › مقالة › مراجعة النظراء

1 اقتباس (Scopus)

ملخص

The Diamond paradox (Diamond, 1971) asserts that in a market for a homogeneous good, if all consumers have positive search costs and search sequentially, then the unique equilibrium price is the monopoly price. I show that any finitely repeated version of this search game may support competitive prices.

اللغة الأصلية	الإنجليزيّة
رقم المقال	109933
دورية	Economics Letters
مستوى الصوت	205
المعرِّفات الرقمية للأشياء	https://doi.org/10.1016/j.econlet.2021.109933
حالة النشر	نُشِر - أغسطس 2021

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10.1016/j.econlet.2021.109933

الملفات والروابط الأخرى

Link to publication in Scopus

قم بذكر هذا

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title = "Finitely repeated search and the diamond paradox",

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Finitely repeated search and the diamond paradox

ملخص

الوصول إلى المستند

الملفات والروابط الأخرى

بصمة

قم بذكر هذا