In this paper we develop an analytical model that characterizes the structure of price dispersion observed in … price dispersion may actually increase if search costs falls, challenging the common belief that price dispersion decreases … as search costs fall. We derive multiple price dispersion equilibria, with differing levels of welfare implications …

This paper studies a firmś optimal capital structure in an environment, where the firmś stock price serves as a public … induces a positive relation between the amount of equity issued and the stock price signalś precision. Thus, through its …