Consumer Search and Alternative Market Equilibria.

The connection between imperfect information and imperfect competition has received much attention in recent literature. A variety of equilibrium outcomes have been obtained, for example perfect competition in Fisher (1972), pure monopoly in Diamond (1971), and price dispersion in Salop and Stiglitz...

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Bibliographic Details

Published in:	Review of Economic Studies Vol. 47; no. 3; pp. 487 - 503
Main Author:	Braverman, Avishay
Format:	Article
Published:	Oxford University Press / USA Apr80
Subjects:	Competition Imperfect competition Economic equilibrium Perfect competition Prices Monopolies Economics Markets Consumers
Online Access:	View this record in EBSCOhost