Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060114 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠We present a stock-flow matching model with fully informed market participants. ⺠Prices are assumed to be set ex-ante. ⺠The unique equilibrium of the model is characterized by price dispersion. ⺠The model provides new insights into the price dispersion literature.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alexander Chudik,