De Meza, David ORCID: 0000-0002-5638-8310 and Reito, Francesco (2021) Macro shocks cause equilibrium price dispersion. Economics Letters, 208. ISSN 0165-1765
Text (Macro shocks cause equilibrium price dispersion)
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Identification Number: 10.1016/j.econlet.2021.110082
Abstract
Price dispersion is shown to arise when demand is stochastic, ex-ante identical competitive firms set price prior to the realization of uncertainty and ex-ante identical buyers cannot switch sellers if rationed.
Item Type: | Article |
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Official URL: | https://www.sciencedirect.com/journal/economics-le... |
Additional Information: | Crown copyright © 2021 Published by Elsevier B.V |
Divisions: | Management |
Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HB Economic Theory |
JEL classification: | D - Microeconomics > D6 - Welfare Economics > D61 - Allocative Efficiency; Cost-Benefit Analysis D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H23 - Externalities; Redistributive Effects; Environmental Taxes and Subsidies |
Date Deposited: | 10 Sep 2021 11:15 |
Last Modified: | 01 Oct 2024 03:49 |
URI: | http://eprints.lse.ac.uk/id/eprint/111897 |
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