Price distributions and competition
AbstractThis paper utilizes an equilibrium search model to investigate market structure and price dispersion. In a market with one large firm and a competitive fringe, the large firm offers the highest price. Fringe firms offer a distribution of lower prices.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 106 (2010)
Issue (Month): 3 (March)
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Web page: http://www.elsevier.com/locate/ecolet
Search Price dispersion Market leader Competitive fringe;
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