Chipty, Tasneem; Witte, Ann Dryden - 2021
and referral agencies (R&Rs) in some markets. R&Rs provide consumers with information on availability, price, and … information reduces price dispersion, maximum price, and average price. With this model we examine empirically the effects of R … price dispersion and lower maximum prices. There is also some evidence that markets with R&Rs have lower average prices …