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and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price … available and sometimes even choose an advert that is dominated in price and non-price characteristics (such as seller …
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This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and, using the theoretical restrictions firm and consumer behavior impose on the data, we study the empirical validity of the models. Two...
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implications of the equilibrium on quantities and price dispersion. Moreover, I show that an increase in the meeting efficiency … widens price dispersion. An extension that endogenizes search effort leads to constrained inefficiency of the equilibrium …
Persistent link: https://www.econbiz.de/10012897876
This paper studies idiosyncratic price dispersion in the US housing market. We develop a new strategy to measure … dispersion at the level of individual house sales. We show that idiosyncratic price dispersion is countercyclical and seasonal … market, and show that the relationship between seller time-on-market and price dispersion can be used to separately identify …
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