Price negotiation in differentiated product markets: An analysis of the market for insured mortgages in Canada

Robert Clark, Jason Allen and Jean-Francois Houde
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Jean-Francois Houde: University of Wisconsin

No 1072, 2010 Meeting Papers from Society for Economic Dynamics

Abstract: We propose a model of bank choice and price negotiation that incorporates three key features of the market: differentiated services, heterogeneous bank valuations of consumers, and search costs. More generally, our goal is to build and estimate a tractable empirical model to analyze differentiated markets in which prices are negotiated rather than posted.

Date: 2010
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Search Frictions and Market Power in Negotiated-Price Markets (2019)
Working Paper: Search Frictions And Market Power In Negotiated Price Markets (2018)
Working Paper: Search Frictions and Market Power in Negotiated Price Markets (2014)
Working Paper: Price Negotiation in Differentiated Products Markets: Evidence from the Canadian Mortgage Market (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed010:1072

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