Indeterminacy and directed search

The directed search approach assumes each seller posts a fixed price and, ex post, randomly allocates the good should more than one buyer desire the good. This paper assumes sellers can post prices which are contingent on ex post realized demand; e.g. an advertisement might state the Bertrand price...

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Bibliographic details
Volume: 111
Main Author: Coles, Melvyn G
Eeckhout, Jan
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: SAN DIEGO Elsevier Inc 2003
ACADEMIC PRESS INC ELSEVIER SCIENCE
Elsevier
Elsevier B.V
published in: Journal of economic theory Vol. 111; no. 2; pp. 265 - 276
ORCID: 0000-0001-6509-4296
Data of publication: 2003
ISSN: 0022-0531
1095-7235
EISSN: 1095-7235
Discipline: Economics
Series: Journal of Economic Theory
Subjects:
D40
J64
C78
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Knowledge
Web of Science
Web of Science - Social Sciences Citation Index - 2003
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