全球智库信息集成服务系统(G2TT): DP1914 Demand Uncertainty, Mismatch and (Un)Employment: A Microeconomic Approach

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP1914
	DP1914 Demand Uncertainty, Mismatch and (Un)Employment: A Microeconomic Approach
	Jacques-François Thisse; Yves Zenou; Mohamed Jellal
发表日期	1998-07-30
出版年	1998
语种	英语
摘要	This paper characterizes price competition between an expert and a non-expert. In contrast with the expert, the non-expert?s repair technology is not always successful. Consumers visit the expert after experiencing an unsuccessful match at the non-expert. This re-entry affects the behaviour of both sellers. For low enough probability of successful repair at the non-expert, all consumers first visit the non-expert, and a ?timid-pricing? equilibrium results. If the non-expert?s repair technology performs well enough, it pays for some consumers to disregard the non-expert. They directly go to the expert?s shop, and an ?aggressive-pricing? equilibrium results. For intermediate values of the non-expert?s successful repair a ?mixed-pricing? equilibrium emerges where the expert randomizes over the monopoly price and some lower price.
主题	Industrial Organization
关键词	Differentiation Price competition Quality Re-entry
URL	https://cepr.org/publications/dp1914
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/531053
推荐引用方式 GB/T 7714	Jacques-François Thisse,Yves Zenou,Mohamed Jellal. DP1914 Demand Uncertainty, Mismatch and (Un)Employment: A Microeconomic Approach. 1998.