Nonstandard foundations of equilibrium search models.
We develop an equilibrium sequential search model which includes most of the literature as special cases. In particular, the model can accommodate heterogeneity in buyers' search costs and demand functions and firms' cost functions, with general demand and cost functions. We identify conditions whic...
| Publicado en: | Journal of Economic Theory Vol. 132; no. 1; pp. 518 - 530 |
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| Formato: | Artículo |
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Academic Press Inc.
January 2007
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=511293934&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 511293934 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220531 RTH jtl: Journal of Economic Theory issn: 00220531 maglogo: N pubinfo: dt: January 2007 vid: 132 iid: 1 pid: 735 pub: Academic Press Inc. artinfo: ui: 511293934 10.1016/j.jet.2004.07.011 ppf: 518 ppct: 12 formats: tig: atl: Nonstandard foundations of equilibrium search models. aug: au: Rauh, Michael T. su: Employment Search theory Economic equilibrium sug: subj: Employment Search theory Economic equilibrium keyword: Search theory (Employment) ab: We develop an equilibrium sequential search model which includes most of the literature as special cases. In particular, the model can accommodate heterogeneity in buyers' search costs and demand functions and firms' cost functions, with general demand and cost functions. We identify conditions which ensure existence of equilibrium in pure strategies, utilizing recent progress in the theory of large games by Khan and Sun. These conditions elucidate the essential structure of equilibrium search models. Although we focus on sequential search, our methodology can be used for other classes of equilibrium search models as well. Copyright (c) 2006 Elsevier Inc. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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