Article1979

Price Differences in Almost Competitive Markets

John W. Pratt · David A. Wise · Richard Zeckhauser

351 citations0/0 files storedThe Quarterly Journal of Economics

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Merger and Competition Analysis Consumer Market Behavior and Pricing Economic theories and models

Abstract

I. Introduction, 189.—II. Equilibria in models without learning—the case of knowledge, 191.—III. Equilibrium in models with learning, 196.—IV. Empirically observed distributions of prices quoted by different sellers, 204.—V. Qualifications, implications, and conclusions, 205.

Citations in this library

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