2024-03-28T23:07:25Z
https://nagoya.repo.nii.ac.jp/oai
oai:nagoya.repo.nii.ac.jp:00010110
2023-01-16T03:55:58Z
1076:1077:1078
Equilibrium Price Dispersion in a Model of Discount Competition
Minagawa, Tadashi
30538
Kawai, Shin
30539
Price dispersion
Congestion effects
Rent seeking
2004-09
This paper considers the existence of equilibrium price dispersion in a model of discount competition with perfect information and homogeneous agents. The congestion effect is introduced as the scarcity of good sold at low prices. Consumers take into account not only the prices but also the availability of goods. Firms set their bargain prices and limited supplies. There exists a continuum of asymmetric Nash equilibria in which any kinds of price dispersion exist. The game structure coincides with the proportional-share game which is known in the rent-seeking literature.
departmental bulletin paper
名古屋大学大学院経済学研究科附属国際経済政策研究センター
2004-09
Economic Research Center Discussion Paper
E04-2
http://hdl.handle.net/2237/11928
eng
E-Series;E04-2