Title of article
Equilibrium pricing in a (partial) search market: The shopbot paradox
Author/Authors
Joseph E. Harrington Jr.، نويسنده , , Megan F. Leahey، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
7
From page
111
To page
117
Abstract
Price competition is explored when consumers costlessly learn product prices but not ancillary fees and have greater disutility to paying these fees. There is a unique symmetric Nash equilibrium price between the competitive (Bertrand) and monopoly (Diamond) prices.
Keywords
Search , Oligopoly , Diamond paradox , Shopbot
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436123
Link To Document