Macro shocks cause equilibrium price dispersion

C-Tier
Journal: Economics Letters
Year: 2021
Volume: 208
Issue: C

Authors (2)

Score contribution per author:

0.505 = (α=2.02 / 2 authors) × 0.5x C-tier

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

Abstract

Price dispersion is shown to arise when demand is stochastic, ex-ante identical competitive firms set price prior to the realization of uncertainty and ex-ante identical buyers cannot switch sellers if rationed.

Technical Details

RePEc Handle
repec:eee:ecolet:v:208:y:2021:i:c:s0165176521003591
Journal Field
General
Author Count
2
Added to Database
2026-01-25