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Evolutionary Model of the Personal Income Distribution
Kaldasch, Joachim - Volkswirtschaftliche Fakultät, … - 2012
distribution. The theory suggests that in a free market competition between products is ultimately the origin of the uneven income …
Persistent link: https://www.econbiz.de/10011260210
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Competition and the signaling role of prices
Adriani, Fabrizio; Deidda, Luca - Volkswirtschaftliche Fakultät, … - 2008
offer. We study how the strength of competition among sellers affects the ability of sellers of high quality goods to … strategic price setting sellers and a large number of buyers. When competition among sellers is weak high quality sellers are … able to use prices as a signaling device and this enables them to trade. By contrast, strong competition among sellers …
Persistent link: https://www.econbiz.de/10005040696
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Ordered Search in Differentiated Markets
Zhou, Jidong - Volkswirtschaftliche Fakultät, … - 2009
This paper presents an ordered search model in which consumers search both for price and product fitness. We show that there is price dispersion in equilibrium and prices rise in the order of search. The top firms in consumer search order, though charge lower prices, earn higher profits due to...
Persistent link: https://www.econbiz.de/10005835607
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Price Dispersion and Accessibility: A Case study of Fast Food
Stewart, Hayden; Davis, David E. - Volkswirtschaftliche Fakultät, … - 2005
of spatial competition. The results of this study are easily interpreted and compared with a past analysis. We find that …
Persistent link: https://www.econbiz.de/10005836339
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К вопросу о возможности синтеза концепции удовлетворяющего поиска и неоклассической доктрины
Malakhov, Sergey - Volkswirtschaftliche Fakultät, … - 2012
The paper argues that when a consumer searches for a lower price, a satisficing decision procedure equalizes marginal costs of search with its marginal benefit. The consumer can maximize the utility of his consumption-leisure choice with regard to the equality of marginal values of search....
Persistent link: https://www.econbiz.de/10011258818
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Measuring inflation when prices change slowly
D'Elia, Enrico - Volkswirtschaftliche Fakultät, … - 2001
Inflation is currently low and falling in the OECD area. A side effect of these facts is that they made harder the task of price index compilers. First of all, researchers and analysts are moving their attention from aggregate price dynamics to price differentials (among products, markets,...
Persistent link: https://www.econbiz.de/10011258917
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“Fire Sales” in housing market: is the house-searching process similar to a theme park visit?
Leung, Charles Ka Yui; Zhang, Jun - Volkswirtschaftliche Fakultät, … - 2011
Three striking empirical regularities have been repeatedly reported: the positive correlation between housing prices and trading volume, between housing price and the time-on-the-market (TOM), and the existence of price dispersion. This short paper provides perhaps the first unifying framework...
Persistent link: https://www.econbiz.de/10008855539
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Price dispersion in the housing market: the role of bargaining and search costs
Lisi, Gaetano - Volkswirtschaftliche Fakultät, … - 2011
This paper develops a matching model à la Pissarides (2000) in order to explain the basic facts of housing markets, most of all the variance in house prices. Price dispersion is basically due to both the ex-ante heterogeneity of the parties and the search costs of buyers and sellers. In fact,...
Persistent link: https://www.econbiz.de/10009323651
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Search and ripoff externalities
Armstrong, Mark - Volkswirtschaftliche Fakultät, … - 2015
This paper surveys models of markets in which only some consumers are "savvy". I discuss when the presence of savvy consumers improves the deals available to all consumers in the market (the case of search externalities), and when the non-savvy fund generous deals for all consumers (ripoff...
Persistent link: https://www.econbiz.de/10011166054
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Stability in price competition revisited
Faias, Marta; Hervés-Estévez, Javier; Moreno-García, Emma - Volkswirtschaftliche Fakultät, … - 2014
another. We introduce such uncertainty in a model of a price competition game with incomplete information. This competition …
Persistent link: https://www.econbiz.de/10011183537