Consumers and Competition

This paper shows that even if all consumers face search costs, if these are below a certain level dependent upon the firm numbers and demand elasticity, the Diamond-type equilibrium with all prices at the monopoly level fails to exist.


Issue Date:
May 05 2003
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/269563
Language:
English
Total Pages:
13
JEL Codes:
D83; D11




 Record created 2018-03-19, last modified 2018-03-19

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