In our experiment we observe substantial and persistent price dispersion. We find that, as predicted, an increase in the fraction of informed consumers leads to ...
scholar.google.com › citations
This paper reports a laboratory experiment to study pricing and advertising behavior with costly buyer search.
People also ask
What is price dispersion analysis?
Aug 23, 2001 · An important equilibrium explanation of the observed price dispersion comes from. “clearinghouse” models. In these models, firms list prices at ...
We report a continuous-time experiment studying the Burdett-Judd model, whose unique Nash equilibrium (NE) features dispersed prices.
Jan 15, 2021 · We report a continuous-time experiment studying the Burdett-Judd model, whose unique Nash equilibrium (NE) features dispersed prices.
This paper reports a laboratory experiment to study pricing and advertising behavior in a market with costly buyer search.
Oct 22, 2024 · We report an experiment examining a simple clearinghouse model that generates price dispersion. According to this model, price dispersion ...
We study two-stage versions of clearinghouse models. In the first stage, supplying firms advertise list prices; in a second stage they set final retail ...
This paper reports a laboratory experiment to study pricing and advertising behavior in a market with costly buyer search.
"An experimental study of price dispersion in an optimal search model with advertising," International Journal of Industrial Organization, Elsevier, vol. 24(3), ...