Stable Price Dispersion under Heterogeneous Buyer Consideration

• 成果类型: Article
• 署名作者: Myatt, David P.; Ronayne, David
• 署名单位: University of London; London Business School; European School of Management & Technology
• 刊物名称: RAND JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0741-6261
• DOI: 10.1111/1756-2171.70018
• 发表日期: 2026
• 关键词: consumer perceptions; dynamic oligopoly; search; MODEL; COMPETITION; equilibrium; INFORMATION; MARKET; distributions; fairness

摘要

We study the pricing of homogeneous products sold to customers who consider different sets of suppliers. We identify prices that are stable in the sense that no firm wishes to undercut a rival or to raise its price when rivals are able to respond by offering special deals. We derive stable and dispersed prices across several price-consideration specifications. We contrast the implications against those of conventional approaches.