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New page: *This page is part of a series under PHDBA279B ==Key Reference(s)== ==Introduction== Baye et al. (2006) provides a survey of models of search and clearing-house that exhibit price d...
*This page is part of a series under [[PHDBA279B]]

==Key Reference(s)==

==Introduction==

Baye et al. (2006) provides a survey of models of search and clearing-house that exhibit price dispersion. The survey is undertaken through two specializable frameworks, one for search and one for cleaning-houses, which are then adapted to show the key results from the literature. There are a number of equivalent results across the two frameworks.
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