Abstract
It is shown that introducing both consumer and firm heterogeneity into Diamond's original search model leads to both price dispersion and active consumer search in equilibrium.
| Original language | English |
|---|---|
| Pages (from-to) | 2127-2132 |
| Number of pages | 6 |
| Journal | Economics Bulletin |
| Volume | 41 |
| Issue number | 3 |
| State | Published - 2021 |
| Externally published | Yes |