Product differentiation and equilibrium price with partial product search

C-Tier

Journal: Economics Letters

Year: 2021

Volume: 205

Issue: C

Authors (2)

Liu, Lin (not in RePEc) Wang, X. Henry (University of Missouri)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

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Abstract

Anderson and Renault (1999) show a U-shaped relationship between firms’ equilibrium prices and product differentiation. Through a simultaneous search model with partial depth, we show that such a U-shaped relationship emerges (vanishes) when search depth is fixed (chosen by consumers).

Product differentiation and equilibrium price with partial product search

Authors (2)

Abstract

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