Market equilibrium with search and computational costs
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Tesfatsion, Leigh S., 2002.
"Agent-Based Computational Economics: Growing Economies from the Bottom Up,"
Staff General Research Papers Archive
5075, Iowa State University, Department of Economics.
- Tesfatsion, Leigh, 2002. "Agent-Based Computational Economics: Growing Economies from the Bottom Up," ISU General Staff Papers 200201010800001427, Iowa State University, Department of Economics.
- Tesfatsion, Leigh, 2002. "Agent-Based Computational Economics: Growing Economies from the Bottom Up," ISU General Staff Papers 200201010800001251, Iowa State University, Department of Economics.
- Leigh Tesfatsion, 2002.
"Agent-Based Computational Economics,"
Computational Economics
0203001, University Library of Munich, Germany, revised 15 Aug 2002.
- Tesfatsion, Leigh, 2007. "Agent-based computational economics," ISU General Staff Papers 200701010800001423, Iowa State University, Department of Economics.
- Tesfatsion, Leigh, 2003. "Agent-Based Computational Economics," ISU General Staff Papers 200301010800001248, Iowa State University, Department of Economics.
- Rothschild, Michael, 1974. "Searching for the Lowest Price When the Distribution of Prices Is Unknown," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 689-711, July/Aug..
- Hey, John D., 1981. "Are optimal search rules reasonable? and vice versa? (And does it matter anyway?)," Journal of Economic Behavior & Organization, Elsevier, vol. 2(1), pages 47-70, March.
- Stigler, George J., 2011.
"Economics of Information,"
Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 35-49.
- George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213-213.
- Axel, Bo, 1977. " Search Market Equilibrium," Scandinavian Journal of Economics, Wiley Blackwell, vol. 79(1), pages 20-40.
- Diamond, Peter A., 1971. "A model of price adjustment," Journal of Economic Theory, Elsevier, vol. 3(2), pages 156-168, June.
- Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey," Economic Inquiry, Western Economic Association International, vol. 14(3), pages 347-368, September.
- Michael Rothschild, 1974. "Searching for the Lowest Price When the Distribution of Prices Is Unknown: A Summary," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 3, number 1, pages 293-294, National Bureau of Economic Research, Inc.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:eee:labchp:v:2:y:1986:i:c:p:849-919 is not listed on IDEAS
- Lamieri, Marco & Bertacchini, Enrico, 2006. "What if Hayek goes shopping in the bazaar?," MPRA Paper 367, University Library of Munich, Germany, revised 21 Jun 2006.
- Simon P. Anderson & Régis Renault & Claude Jessua, 1996. "Produits différenciés et information imparfaite des consommateurs," Revue Économique, Programme National Persée, vol. 47(3), pages 425-435.
- Ralph B. Siebert & Michael J. Seiler, 2022. "Why Do Buyers Pay Different Prices for Comparable Products? A Structural Approach on the Housing Market," The Journal of Real Estate Finance and Economics, Springer, vol. 65(2), pages 261-292, August.
- Marcoul, Philippe & Weninger, Quinn, 2008.
"Search and active learning with correlated information: Empirical evidence from mid-Atlantic clam fishermen,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1921-1948, June.
- Marcoul, Philippe & Weninger, Quinn, 2008. "Search and Active Learning with Correlated Information: Empirical Evidence from Mid-Atlantic Clam Fishermen," Staff General Research Papers Archive 11601, Iowa State University, Department of Economics.
- Marcoul, Philippe & Weninger, Quinn, 2008. "Search and active learning with correlated information: Empirical evidence from mid-Atlantic clam fishermen," ISU General Staff Papers 200806010700001485, Iowa State University, Department of Economics.
- Adam, Klaus, 2001.
"Learning While Searching for the Best Alternative,"
Journal of Economic Theory, Elsevier, vol. 101(1), pages 252-280, November.
- Adam, K., 1999. "Learning While Searching for the Beat Alternative," Economics Working Papers eco99/4, European University Institute.
- repec:smu:ecowpa:1301 is not listed on IDEAS
- Timothy N. Cason & Shakun D. Mago, 2010.
"Costly Buyer Search In Laboratory Markets With Seller Advertising,"
Journal of Industrial Economics, Wiley Blackwell, vol. 58(2), pages 424-449, June.
- Timothy N. Cason & Shakun Datta, 2008. "Costly Buyer Search in Laboratory Markets with Seller Advertising," Purdue University Economics Working Papers 1212, Purdue University, Department of Economics.
- Thomas J. Emmerling & Abdullah Yavas & Yildiray Yildirim, 2021. "To accept or not to accept: Optimal strategy for sellers in real estate," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(S1), pages 268-296, March.
- Sergey MALAKHOV, 2016.
"Law of One Price and Optimal Consumption-Leisure Choice Under Price Dispersion,"
Expert Journal of Economics, Sprint Investify, vol. 4(1), pages 1-8.
- Malakhov, Sergey, 2015. "Law of one price and optimal consumption-leisure choice under price dispersion," MPRA Paper 65273, University Library of Munich, Germany.
- Lemieux, James & Peterson, Robert A., 2011. "Purchase deadline as a moderator of the effects of price uncertainty on search duration," Journal of Economic Psychology, Elsevier, vol. 32(1), pages 33-44, February.
- Carl Davidson & Steven J. Matusz, 2010. "Our Motivation," Introductory Chapters, in: International Trade with Equilibrium Unemployment, Princeton University Press.
- Grosfeld-Nir, Abraham & Sarne, David & Spiegler, Israel, 2009. "Modeling the search for the least costly opportunity," European Journal of Operational Research, Elsevier, vol. 197(2), pages 667-674, September.
- Ed Hopkins, "undated".
"Price Dispersion: An Evolutionary Approach,"
Department of Economics
1996 : III, Edinburgh School of Economics, University of Edinburgh.
- Ed Hopkins & Robert M. Seymour, 1996. "Price Dispersion: An Evolutionary Approach," Edinburgh School of Economics Discussion Paper Series 1, Edinburgh School of Economics, University of Edinburgh.
- Ed Hopkins, "undated". "Price Dispersion: An Evolutionary Approach," Discussion Papers 1996-3, Edinburgh School of Economics, University of Edinburgh.
- Ed Hopkins & Robert M. Seymour, "undated". "Price Dispersion: an Evolutionary Approach," ELSE working papers 043, ESRC Centre on Economics Learning and Social Evolution.
- José Tudón, 2021. "Can price dispersion be supported solely by information frictions?," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(1), pages 75-90, April.
- Rauh, Michael T., 1997.
"A Model of Temporary Search Market Equilibrium,"
Journal of Economic Theory, Elsevier, vol. 77(1), pages 128-153, November.
- Michael Rauh, "undated". "A Model of Temporary Search Market Equilibrium," Economics and Finance Discussion Papers 97-08, Economics and Finance Section, School of Social Sciences, Brunel University.
- Michael T Rauh, 1997. "A Model of Temporary Search Market Equilibrium," Economics Working Paper Archive 392, The Johns Hopkins University,Department of Economics.
- Laura J. Kornish & Karl T. Ulrich, 2011. "Opportunity Spaces in Innovation: Empirical Analysis of Large Samples of Ideas," Management Science, INFORMS, vol. 57(1), pages 107-128, January.
- Rafael P. Greminger, 2022. "Optimal Search and Discovery," Management Science, INFORMS, vol. 68(5), pages 3904-3924, May.
- Xing Zhang & Tat Y. Chan & Ying Xie, 2018. "Price Search and Periodic Price Discounts," Management Science, INFORMS, vol. 64(2), pages 495-510, February.
- Vladimir Yankov, 2014. "In Search of a Risk-free Asset," Finance and Economics Discussion Series 2014-108, Board of Governors of the Federal Reserve System (U.S.).
- Erik Brynjolfsson & Yu (Jeffrey) Hu & Duncan Simester, 2011. "Goodbye Pareto Principle, Hello Long Tail: The Effect of Search Costs on the Concentration of Product Sales," Management Science, INFORMS, vol. 57(8), pages 1373-1386, August.
- Edward A. Baryla & Leonard V. Zumpano, 1995. "Buyer Search Duration in the Residential Real Estate Market: The Role of the Real Estate Agent," Journal of Real Estate Research, American Real Estate Society, vol. 10(1), pages 1-14.
More about this item
Keywords
Computational limitations; Optimisation; Search; Market equilibrium;All these keywords.
JEL classification:
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MIC-2005-04-09 (Microeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:por:fepwps:173. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/fepuppt.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.