Price dispersion and the border effect
نویسندگان
چکیده
منابع مشابه
A Reappraisal of the Border Effect on Relative Price Volatility
Engel & Rogers (1996) find that crossing the US–Canada border can considerably raise relative price volatility and that exchange rate fluctuations explain about one-third of the volatility increase. Using a decomposition method, this study re-evaluates the border effect. It is shown that cross-country heterogeneity in price volatility can induce a bias in measuring the border effect unless prop...
متن کاملPrice Dispersion
A brief survey of the economics of price dispersion, written for the New Palgrave Dictionary of Economics, 2nd Edition. Journal of Economic Literature classification numbers: C72, D43, D82, D83. Price dispersion occurs when different sellers offer different prices for the same good in a given market. Thus, it differs from price discrimination under which a single seller offers different prices ...
متن کاملPrice Dispersion
We model firm pricing given consumers follow simple reservation price rules. Such reservation rules are rational when consumers are sufficiently impatient. The equilibrium exhibits price dispersion in pure strategies, with lower price firms earning higher profits. The range of price dispersion increases with the number of firms: the highest price is the monopoly one, while the lowest price tend...
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While there are suggestions in applied cartel studies that price dispersion changes when cartelization of a market occurs, there are few theoretical or empirical analyses of this effect. This paper surveys the thin economic literature on the link between overt collusion and price dispersion. Formal theories and observation of cartel behavior suggest that during successfully collusive periods pr...
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We relax restrictions on the storage technology in a prototypical monetary search model to study price dispersion. When multiple units of currency can be stored, buyers and sellers enter matches with potentially different willingness to buy or sell. Across the distribution of possible bilateral matches, prices will generally differ even though agents have identical preferences and technologies....
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2020
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2019.09.014