The American Economic Review, Volume 96American Economic Association., 2006 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Página 95
... search costs , the firm earns monopoly profits without any advertising since the consumer still anticipates positive ... cost . For intermediate search costs it informs the consumer whether her match ex- ceeds the price . For large ...
... search costs , the firm earns monopoly profits without any advertising since the consumer still anticipates positive ... cost . For intermediate search costs it informs the consumer whether her match ex- ceeds the price . For large ...
Página 97
... price advertising to reassure consumers that they will not face the hold - up problem should they invest search costs . This is a central tenet of Hideo Konishi and Michael T. Sandfort ( 2002 ) , and traces its lineage back through Rob ...
... price advertising to reassure consumers that they will not face the hold - up problem should they invest search costs . This is a central tenet of Hideo Konishi and Michael T. Sandfort ( 2002 ) , and traces its lineage back through Rob ...
Página 108
... search cannot reveal any additional infor- mation before buying ) . With no advertising , price equals marginal cost ... cost . Our analysis suggests that if the Meurer and Stahl framework is recast in terms of search goods with costly visits ...
... search cannot reveal any additional infor- mation before buying ) . With no advertising , price equals marginal cost ... cost . Our analysis suggests that if the Meurer and Stahl framework is recast in terms of search goods with costly visits ...
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advertising agents aggregate allocation Angrist assume assumption average search success B-type bank behavior birth cohort cartel cash choice coefficients column condition consumer consumer surplus coordination deposits distribution of managerial effects efficiency equation equilibrium estimates evaluate expected firm fraction growth hiring Hispanic implies increase industry inequality inflation instrumental variables interest rate investments Journal of Economic labor late projects loan sanctions lobby lung cancer managerial expertise managers marginal ment monetary policy mortality rate motorists newspaper circulation nomic nominal nominal deposits nominal interest rate odious debt optimal outcomes output p-values paper Pareto improving percent period population race race-r racial prejudice regime regression risk sample school-leaving age search cost search success rates skill social statistical sumer surplus Table technology shock tion trade troopers utility variables wage wealth workers zero