We study price formation in the standard model of consumer search for differentiated products but allow for search cost … important but often neglected aspect of the price mechanism. Recognizing the role the equilibrium price plays in consumers …

What explains apparent price rigidity over the business cycle? This paper shows that price fluctuations may be hidden … procyclicality is driven by a shift in price setting behavior, where local stores use extended warranty discounts to make base … durable demand less price elastic and, as a result, increase sales of durable goods. Discounts on extended warranties were …

-dumping (AD) policy are examined,namely, a price undertaking (PU) and an anti-dumping duty. We show that, when firms …