Price distributions and competition

C-Tier

Journal: Economics Letters

Year: 2010

Volume: 106

Issue: 3

Pages: 180-183

Authors (2)

Burdett, Ken (University of Pennsylvania) Smith, Eric (University of Essex)

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

This paper utilizes an equilibrium search model to investigate market structure and price dispersion. In a market with one large firm and a competitive fringe, the large firm offers the highest price. Fringe firms offer a distribution of lower prices.

Price distributions and competition

Authors (2)

Abstract

Technical Details