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Baye Morgan Scholten (2006) - Information Search and Price Dispersion (view source)
Revision as of 19:14, 29 September 2020
, 19:14, 29 September 2020no edit summary
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*This page is part of a series under [[PHDBA279B]]
*This page is referenced in [[BPP Field Exam Papers]]
Baye, Michael R., John Morgan, and Patrick Scholten (2006), "Information, Search, and Price Dispersion," Handbook of Economics and Information Systems (T. Hendershott, ed.), Elsevier Press, Amsterdam.
Price dispersion arises from the gatekeeper's incentives to set <math>\phi > 0\,</math>. The expected profits to firms are positive and proportional to <math>\phi\,</math>.
