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Price distributions and competition

Kenneth Burdett and Eric Smith ()

Economics Letters, 2010, vol. 106, issue 3, 180-183

Abstract: This paper utilizes an equilibrium search model to investigate market structure and price dispersion. In a market with one large firm and a competitive fringe, the large firm offers the highest price. Fringe firms offer a distribution of lower prices.

Keywords: Search; Price; dispersion; Market; leader; Competitive; fringe (search for similar items in EconPapers)
Date: 2010
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