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Baye Morgan Scholten (2006) - Information Search and Price Dispersion (view source)
Revision as of 22:37, 25 January 2010
, 22:37, 25 January 2010→The Stigler (1961) Model
Let <center><math> \Delta = \mathbb{E}_F \left [ p_{min}^{(n)} \right ] - \mathbb{E}_G \left [ p_{min}^{(n)} \right ]\,</math></center>
<center><math>\mathbb{E}(C_F) = \mathbb{E}_F \left [ p_{min}^{(n^*)} \right ] \times K - c n^* \,</math></center> <center><math> > \mathbb{E}_G \left [ p_{min}^{(n^*)} \right ]\,</math></center> <center><math> \ge \mathbb{E}(C_G)\,</math></center>
