their production cost, and set on average higher prices compared to the
exists. Firms strategically exploit consumers being uninformed about
strategies and provide a sufficient condition when such an equilibrium
perfect Bayesian equilibrium in which consumers follow reservation price
uninformed about the underlying production cost. We characterize a
sequential search model with incomplete information where consumers are
provides a theoretical examination of this type of market by developing a
homogenous product at virtually the same cost. The present paper
mortgage markets, are characterized by firms offering a fairly
large variety of markets, such as retail markets for gasoline or
"Oligopolistic Markets with Sequential Search and Asymmetric
Докладчик: (Университет Вены)
научный семинар МИЭФ.
16.30 в ауд. Ж-822 (Покровский бульвар, 11) состоится
В четверг, 04 марта в
(Университет Вены): "Oligopolistic Markets with Sequential Search and
Научный семинар Мартина Янсена
Asymmetric Information" - Международный институт экономики и финансов
(Университет Вены): "Oligopolistic Markets with Sequential Search and
Анонсы : Научный семинар Мартина Янсена
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