Equilibrium Price Distributions

S-Tier
Journal: Review of Economic Studies
Year: 1985
Volume: 52
Issue: 3
Pages: 487-504

Authors (1)

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Equilibrium price distributions (for a homogeneous product) consistent with individual incentives are investigated. They arise in informationally imperfect markets in which the only primitive datum is the distribution of search costs. It is shown that single, multi- and continuous price distributions are all viable long-run phenomena depending on the nature of search costs. A method for computing equilibrium price distributions is also provided.

Technical Details

RePEc Handle
repec:oup:restud:v:52:y:1985:i:3:p:487-504.
Journal Field
General
Author Count
1
Added to Database
2026-01-29