Changes
Jump to navigation
Jump to search
<math>
\,</math>
<center><math>
\,</math></center>
Baye Morgan Scholten (2006) - Information Search and Price Dispersion (view source)
Revision as of 21:32, 18 June 2010
, 21:32, 18 June 2010no edit summary
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>.
