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The Economics of Learning: Price Formation when Acquisition of Information is Possible but Costly

Author

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  • Axell, Bo

    (Research Institute of Industrial Economics (IFN))

Abstract

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Suggested Citation

  • Axell, Bo, 1988. "The Economics of Learning: Price Formation when Acquisition of Information is Possible but Costly," Working Paper Series 205, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:0205
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    File URL: https://www.ifn.se/wfiles/wp/wp205.pdf
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    References listed on IDEAS

    as
    1. Steven Salop & Joseph Stiglitz, 1977. "Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(3), pages 493-510.
    2. Axel, Bo, 1977. " Search Market Equilibrium," Scandinavian Journal of Economics, Wiley Blackwell, vol. 79(1), pages 20-40.
    3. Samuelson, William F, 1984. "Bargaining under Asymmetric Information," Econometrica, Econometric Society, vol. 52(4), pages 995-1005, July.
    4. Burdett, Kenneth & Judd, Kenneth L, 1983. "Equilibrium Price Dispersion," Econometrica, Econometric Society, vol. 51(4), pages 955-969, July.
    5. Reinganum, Jennifer F, 1979. "A Simple Model of Equilibrium Price Dispersion," Journal of Political Economy, University of Chicago Press, vol. 87(4), pages 851-858, August.
    6. Hey, John D., 1974. "Price adjustment in an atomistic market," Journal of Economic Theory, Elsevier, vol. 8(4), pages 483-499, August.
    7. Albrecht, James W & Axell, Bo, 1984. "An Equilibrium Model of Search Unemployment," Journal of Political Economy, University of Chicago Press, vol. 92(5), pages 824-840, October.
    8. Rafael Rob, 1985. "Equilibrium Price Distributions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 52(3), pages 487-504.
    9. Diamond, Peter A., 1971. "A model of price adjustment," Journal of Economic Theory, Elsevier, vol. 3(2), pages 156-168, June.
    10. James W. Albrecht & Bo Axell & Harald Lang, 1986. "General Equilibrium Wage and Price Distributions," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(4), pages 687-706.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Learning; information; price formation; uncertainty;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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