The Durability of Information, Market Efficiency and the Size of Firms
- 1 February 1995
- journal article
- Published by JSTOR in International Economic Review
- Vol. 36 (1) , 19
- https://doi.org/10.2307/2527425
Abstract
We analyze a search-theoretic framework in which consumers buy the product repeatedly and firms' costs vary over time. We show the cross-sectional correlati...Keywords
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