Search intensity in oligopoly

• Type: Article in International Scientific Journal
• Date: 1996

Authors

Paulo Guimaraes (Author) Other

Journal

Title: Journal of Industrial Economics

Vol. 44

Pages: 415-426

ISSN: 0022-1821

Publisher: Wiley-Blackwell

Indexing

ISI Web of Knowledge - 4 Citations

ISI Web of Science

Scopus - 4 Citations

Econlit

Scientific classification

FOS: Social sciences > Other social sciences

Other information

Authenticus ID: P-001-DAH

DOI: 10.2307/2950523

Abstract (EN): A simultaneous price-setting oligopoly game characterized by the existence of buyers with differing price information is presented. The information structure of the game is more general than previously considered, thereby permitting a richer analysis. In addition to identifying the general conditions that lead to equilibrium with price dispersion, we provide a revealing reinterpretation of models characterized by simpler information structures. An important finding of the paper is that additional price information in the market impacts prices differently. Only if the poorly informed buyers are reached can we expect average prices to decrease.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 12