In this paper we study price rivalry between two firms facing a population of imperfectly informed buyers. The two sellers are geographically dispersed and consumers search for the lowest price. The competitive process either suffers from cyclical instability or stabilises at that price at which no buyer searches.

Subjective price search and price competition / P. Garella, J.J. Gabszewicz. - In: INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION. - ISSN 0167-7187. - 4:3(1986), pp. 305-316. [10.1016/0167-7187(86)90023-8]

Subjective price search and price competition

P. Garella
Primo
;
1986

Abstract

In this paper we study price rivalry between two firms facing a population of imperfectly informed buyers. The two sellers are geographically dispersed and consumers search for the lowest price. The competitive process either suffers from cyclical instability or stabilises at that price at which no buyer searches.
Settore SECS-P/01 - Economia Politica
http://www.sciencedirect.com/science/article/B6V8P-45KNK0B-5/2/c04d0975deb9195a62e579befc783633
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/179749
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