Consumers and Competition

Michael Waterson

The Warwick Economics Research Paper Series (TWERPS) 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: Diamond Paradox; Search Behaviour; Oligopoly pricing (search for similar items in EconPapers)
JEL-codes: D11 D83 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (69)

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Working Paper: Consumers and Competition (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:679

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