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<math>
\,</math>
<center><math>
\,</math></center>
Baye Morgan Scholten (2006) - Information Search and Price Dispersion (view source)
Revision as of 20:32, 18 June 2010
, 20:32, 18 June 2010no edit summary
Price dispersion arises from the gatekeeper's incentives to set <math>\phi > 0\,</math>. The expected profits to firms are positive and proportional to <math>\phi\,</math>.
