Publication: Technical appendix to cost reduction and consumer search
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Publication Date
1998
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Facultad de Ciencias Económicas y Empresariales. Instituto Complutense de Análisis Económico (ICAE)
Abstract
This text is a self-contained formal exposition of the dynamic model discussed in Pereira (98). I develop the model in section 2 and in section 3 I characterize equilibrium. In section 4 I do comparative statics.
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Citation
Bagwell, K. & Ramey, G. (1996): "Coordination Economies, Sequential Search and Advertising", U.C.S.D discussion paper, 96-04.
DeGroot, M. (1970): "Optimal Statistical Decisions", MeGraw-Hill.
Hey, J. (1979): "A Simple Generalized Stopping Rule", Economics Letters, 2, 115-20.
Kreps, D. & Wilson, R. (1982): "Sequential Equilibria", Econometrica, 50,863-894.
Morgan, P. & Manning, R. (1985): "Optimal Search", Econometrica, 53, 923-944.
Pereira, P. (1998): "Cost Reduction and Consumer Search", Instituto Complutense de Análisis Económico, Documento de Trabajo, # 9805.