On Search Theory and Customers
This paper studies a simple model of decentralized exchange where consumers have to search for a seller that provides the services they want. Once a buyer finds one of these “good” stores, a customer relationship between the two develops. We study the factors on which the formation of this link depends and some of their properties and characteristics. We define a Customers Steady State Equilibrium and give conditions under which one of these exists. Finally, we show how these customer relationships impose a certain sluggishness on the economy as it responds to changes in the cost of production.
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Jun 1998|
|Date of revision:|
|Contact details of provider:|| Postal: Calle 48 No555 - La Plata (1900)|
Phone: 21- 1466
Web page: http://www.depeco.econo.unlp.edu.ar/doctrab.php
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:lap:wpaper:007. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diego Fernandez Felices)
If references are entirely missing, you can add them using this form.