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dc.contributor.authorCusbert, Thomas
dc.date.accessioned2010-09-01
dc.date.available2010-09-01
dc.date.issued2008-01-01
dc.identifier.urihttp://hdl.handle.net/2123/6440
dc.description.abstractThis 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_AU
dc.language.isoen_AUen_AU
dc.rightsThe author retains copyright of this thesis
dc.titleEquilibrium Price Dispersion: A Model of Intermediated Search with Repeated Interactionen_AU
dc.typeThesis, Honoursen_AU
dc.contributor.departmentDiscipline of Economicsen_AU


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