| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16268 |
| DP16268 Partially Directed Search for Prices | |
| Eeva Mauring | |
| 发表日期 | 2021-06-16 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | I analyse a model of partially directed search where searchers decide which firm to visit based on correct, but incomplete, information about firms' prices. Firms' pure strategies are allowed to be price distributions and in the unique symmetric pure-strategy equilibrium the price distributions are nondegenerate. The model's results rationalise empirical observations on promotions and changes in consumer prices: the lowest offered prices are unprofitable, the pdf of the price distribution is increasing, and the lowest prices are decreasing in the number of firms and the search cost. |
| 主题 | Industrial Organization |
| 关键词 | Price dispersion Partial information Partially directed search Sales Unprofitable promotions |
| URL | https://cepr.org/publications/dp16268-3 |
| 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/545233 |
| 推荐引用方式 GB/T 7714 | Eeva Mauring. DP16268 Partially Directed Search for Prices. 2021. |
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