Skip to main content
Article thumbnail
Location of Repository

Consumers and competition

By Michael Waterson

Abstract

This paper shows that even if all consumers face search costs, if these are below a certain level dependent upon the firm numbers and demand elasticity, the Diamond-type equilibrium with all prices at the monopoly level fails to exist

Topics: HF
Publisher: University of Warwick, Department of Economics
Year: 2003
OAI identifier: oai:wrap.warwick.ac.uk:33

Suggested articles

Citations

  1. (1971). A model of price adjustment, doi
  2. (1976). Bates v. State Bar of Arizona,
  3. (1993). Collusive equilibrium in the great salt duopoly, doi
  4. (1989). Oligopolistic pricing with sequential consumer search, doi
  5. (1999). Pricing, product diversity and search costs: a BertrandChamberlin-Diamond model, doi
  6. (2002). Sluggish consumers: An evolutionary solution to the Bertrand Paradox, doi

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.