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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Volume: | 111 |
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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: | |
Online Access: | available in Bonn? |
Database: | Social Sciences Citation Index Web of Knowledge Web of Science Web of Science - Social Sciences Citation Index - 2003 RePEc RePEc IDEAS CrossRef Academic OneFile (A&I only) Database information Databases - DBIS |