Cost reduction and consumer search
| dc.contributor.author | Pereira, Pedro | |
| dc.date.accessioned | 2023-06-21T01:37:53Z | |
| dc.date.available | 2023-06-21T01:37:53Z | |
| dc.date.issued | 1998 | |
| dc.description.abstract | Some markets are characterized by a systematic relation between how costly it is for consumers to observe prices, market power, and incentives to reduce costs. This paper offers a model of such markets and discusses incentives to invest in cost reduction. I develop two partial equilibrium models, aue static, other dynamic, where technology is determined endogenoussly throug stochastic investment, firms set prices, entry is free and consumers search for prices. I use the static model to discuss market power and price controls and the dynamic model to discuss cost volatility and predation. | |
| dc.description.faculty | Fac. de Ciencias Económicas y Empresariales | |
| dc.description.faculty | Instituto Complutense de Análisis Económico (ICAE) | |
| dc.description.refereed | TRUE | |
| dc.description.status | pub | |
| dc.eprint.id | https://eprints.ucm.es/id/eprint/28794 | |
| dc.identifier.relatedurl | http://www.ucm.es/icae | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14352/64206 | |
| dc.issue.number | 05 | |
| dc.language.iso | eng | |
| dc.page.total | 28 | |
| dc.publication.place | Madrid | |
| dc.publisher | Facultad de Ciencias Económicas y Empresariales. Instituto Complutense de Análisis Económico (ICAE) | |
| dc.relation.ispartofseries | Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE) | |
| dc.rights | Atribución-NoComercial-CompartirIgual 3.0 España | |
| dc.rights.accessRights | open access | |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/3.0/es/ | |
| dc.subject.keyword | Reducción de costes | |
| dc.subject.keyword | Consumidores. | |
| dc.subject.ucm | Contabilidad (Economía) | |
| dc.subject.unesco | 5303 Contabilidad Económica | |
| dc.title | Cost reduction and consumer search | |
| dc.type | technical report | |
| dc.volume.number | 1998 | |
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| dspace.entity.type | Publication |
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