| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060214 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠Competition in price distributions when consumers choose by naive sampling is considered. ⺠Equilibrium price distributions exhibit a rigidity/flexibility pattern. ⺠The equilibrium distribution places an atom on a high “regular” price. ⺠The equilibrium distribution is smooth on an interval of low “sale” prices. ⺠As competition becomes tougher, sales become less frequent but more drastic.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ran Spiegler,