Bargaining, Search Costs and Equilibrium Price Distributions
- 1 April 1988
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 55 (2) , 201-214
- https://doi.org/10.2307/2297577
Abstract
This paper studies a bargaining model of equilibrium price distributions. Consumers choose a seller at random and face search costs to switching to aKeywords
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