MULTIPRODUCT EQUILIBRIUM PRICE DISPERSION
成果类型：
Article
署名作者：
MCAFEE, RP
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1995.1066
发表日期：
1995
页码：
83-105
关键词：
摘要：
The model of Burdett and Judd (Econometrica 51 (1993), 955-969) is generalized to the case of many goods. Consumers choose the best price observed for each good. There are two classes of equilibria, those that involve constant expected profits for each good independently of price and those with increasing profits for each good in price. A continuum of the latter type always exists. These equilibria are qualitatively different than the unique equilibrium of the single-good case. (C) 1995 Academic Press, Inc.