Equilibrium Price Dispersion: A Model of Intermediated Search with Repeated Interaction

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Field	Value	Language
dc.contributor.author	Cusbert, Thomas
dc.date.accessioned	2010-09-01
dc.date.available	2010-09-01
dc.date.issued	2008-01-01
dc.identifier.uri	http://hdl.handle.net/2123/6440
dc.description.abstract	This thesis develops a model in which homogeneous producers and merchants interact repeatedly in a search market. Merchants are able to reduce the cost of search by o ering trading certainty to pro- ducers with whom they have a preexisting relationship. Equilibria are characterised in Markov strategies, and it is found that price- dispersed equilibria exist in asymmetric strategies. Conditions in which a price-dispersed equilibrium can be welfare improving com- pared to a single-price equilibrium are found, and two extensions to the basic model are provided.	en
dc.language.iso	en_AU	en
dc.rights	Other	en
dc.title	Equilibrium Price Dispersion: A Model of Intermediated Search with Repeated Interaction	en
dc.type	Thesis	en
dc.type.thesis	Honours	en
dc.rights.other	The author retains copyright of this thesis. It may only be used for the purposes of research and study. It must not be used for any other purposes and may not be transmitted or shared with others without prior permission.	en
usyd.faculty	Faculty of Arts and Social Sciences, School of Economics	en
usyd.faculty	The University of Sydney Business School	en
usyd.department	Discipline of Economics	en

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