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The (Q,S,s) pricing rule
Burdett, Kenneth; Menzio, Guido - In: The review of economic studies 85 (2018) 2, pp. 892-928
Persistent link: https://www.econbiz.de/10011922222
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The (Q,S,s) pricing rule : a quantitative analysis
Burdett, Kenneth; Menzio, Guido - In: Research in economics : an international review of economics 71 (2017) 4, pp. 784-797
Persistent link: https://www.econbiz.de/10011879056
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The (Q,S,s) pricing rule : a quantitative analysis
Burdett, Kenneth; Menzio, Guido - 2017
Persistent link: https://www.econbiz.de/10011770591
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(Q,S,s) Pricing Rules
Burdett, Kenneth; Menzio, Guido - Department of Economics, University of Pennsylvania - 2013
We study the effect of menu costs on the pricing behavior of sellers and on the cross-sectional distribution of prices in the search-theoretic model of imperfect competition of Burdett and Judd (1983). We find that, when menu costs are small, the equilibrium is such that sellers follow a (Q, S,...
Persistent link: https://www.econbiz.de/10010822912