Steady state price distributions in a noisy search equilibrium

Article Abstract:

An analysis of how the use of the noisy search model can lead to non-degenerate price distributions is presented. Young stores price low to attract regular customers, while the old ones charge relatively higher to extract their search rents. A perfect equilibrium, where stores change their prices over time, is established when stores and customers act strategically. Assumptions were used in the analysis in order to come up with the results.

Retail Trade, Prices and rates, Retail industry, Strategic aspects

---

Bargaining in a non-stationary environment

Article Abstract:

An alternating offers bargaining model is studied in which the set of possible utility pairs evolves through time in a non-stationary, but smooth manner. It is shown that in the limit as the time interval between two consecutive offers becomes arbitrarily small, there exists a unique subgame perfect equilibrium.

Models, Environmental economics, Equilibrium (Economics), Deals, Deals (Business), Games of strategy (Mathematics)

---

Indeterminacy and directed search

Article Abstract:

Sellers post prices related to demand and they prefer auctions to have equilibrium.

Science & research, Research, Search theory, Product price, Diophantine analysis

Similar abstracts:

• Abstracts: The effects of trade unions on the distribution of earnings: a sample selectivity approach. Earnings, unemployment and Britain's North-South divide: real or imaginary?
• Abstracts: The declining price anomaly. Multiproduct equilibrium price dispersion. Updating the reserve price in common-value auctions
• Abstracts: Stackelberg mixed duopoly with a foreign competitor. Nash equilibria in pure strategies. Forward markets and the behaviour of the competitive firm with production flexibility
• Abstracts: Indeterminacy and fiscal policies in a growing economy. Representative agent meets class structure: imperfect competition and the balanced-budget multiplier
• Abstracts: Internal and external R&D: a sample selection approach. Economic integration and regional business cycles: evidence from the Iberian regions

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.