Posted prices versus bargaining in markets with asymmetric information

Economic Inquiry

Volumn 36, Issue 3, 1998, Pages 450-457

  Arnold, Michael A ^b   Lippman, Steven A ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0032237260     PISSN: 00952583     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1465-7295.1998.tb01727.x     Document Type: Article

References (19)

1. Bester, Helmut. "Price Commitment in Search Markets." Journal of Economic Behavior and Organization, 25, 1994, 109-20.
2. _. "Bargaining versus Price Competition in Markets with Quality Uncertainty." American Economic Review, 83, 1993, 278-88.
3. Burdett, Kenneth and Kenneth L. Judd. "Equilibrium Price Dispersion." Econometrica, 51, 1983, 955-69.
4. Butters, Gerard R. "Equilibrium Distribution of Sales and Advertising Prices." The Review of Economic Studies, 44, 1977, 465-91.
5. Chandler, Alfred D. The Visible Hand. Cambridge: Harvard University Press, 1977.
6. Diamond, Peter A. "Search Theory," in The New Palgrave: A Dictionary of Economic Theory and Doctrine, edited by J. Eatwell, M. Milgate, and P. Newman. London: The MacMillan Press Limited, 1987, 272-79.
7. _. "A Model of Price Adjustment." Journal of Economic Theory, 3, 1971, 156-68.
8. Fudenberg, Drew. Seminar presentation on "Word-of-Mouth Learning," October 4, 1995. Economic Theory Workshop, UCLA.
9. Lippman, Steven A. and John J. McCall. "The Economics of Uncertainty: Selected Topics and Probabilistic Methods," in Handbook of Mathematical Economics, edited by Kenneth J. Arrow and Michael D. Intriligator. Amsterdam: North Holland Publishing Co., 1981, 213-84.
10. Lohmann, Susanne. "A Signalling Model of Competitive Political Pressures." Economics and Politics, 7, 1995, 181-206.
11. Mahoney, Tom and Leonard Sloane. The Great Merchants. New York: Harper and Rowe, 1966.
12. Riley, John and Richard Zeckhauser. "Optimal Selling Strategies: When to Haggle, When to Hold Firm." The Quarterly Journal of Economics, 98, 1983, 267-89.
13. Rubinstein, Ariel. "Perfect Equilibrium in a Bargaining Model." Econometrica, 50, 1982, 97-108.
14. Salop, Steve and Joseph Stiglitz. "Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion." Review of Economic Studies, 44, 1977, 493-510.
15. Scull, Penrose. From Peddlers to Merchant Princes. New York: Follet Publishing Co., 1967.
16. Spier, Kathryn E. "Hagglers and Posters: The Coexistence of Flexible and Fixed Prices." Harvard Institute of Economic Research Discussion Paper No. 1517, September 1990.
17. Stigler, George J. "The Economics of Information." Journal of Political Economy, 69, 1961, 213-25.
18. Wang, Ruqu. "Bargaining versus Posted Price Selling." European Economic Review, 39, 1995, 1747-64.
19. Wilde, Louis L. and Alan Schwartz. "Equilibrium Comparison Shopping." The Review of Economic Studies, 46, 1979, 543-53.