Consumers and Competition

Michael Waterson

No 269563, Economic Research Papers from University of Warwick - Department of Economics

Abstract: This paper shows that even if all consumers face search costs, if these are below a certain level dependent upon the firm numbers and demand elasticity, the Diamond-type equilibrium with all prices at the monopoly level fails to exist.

Keywords: Consumer/Household Economics; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 13
Date: 2003-05-05
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Citations: View citations in EconPapers (74)

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Working Paper: Consumers and Competition (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:269563

DOI: 10.22004/ag.econ.269563

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