The market for quacks

Review of Economic Studies

Volumn 73, Issue 4, 2006, Pages 1113-1131

  Spiegler, Ran ^a  

^a TEL AVIV UNIVERSITY   (Israel)

Author keywords

[No Author keywords available]

Indexed keywords

COMPETITION (ECONOMICS); MARKET; PRICE DYNAMICS;

EID: 33749054115     PISSN: 00346527     EISSN: 1467937X     Source Type: Journal    
DOI: 10.1111/j.1467-937X.2006.00410.x     Document Type: Article

References (26)

1. BURDETT, K. and JUDD, K. (1983), "Equilibrium Price Dispersion", Econometrica, 51, 955-970.
2. BUTTERS, G. (1977), "Equilibrium Distributions of Sales and Advertising Prices", The Review of Economic Studies, 44, 465-491.
3. CHEN, Y., IYER, G. and PAZGAL, A. (2002), "Limited Memory and Market Competition" (Mimeo, New York University).
4. CHEVALIER, J. and ELLISON, G. (1997), "Risk Taking by Mutual Funds as a Response to Incentives", Journal of Political Economy, 105, 1167-1200.
5. D'ASPREMONT, C., GABSZEWICZ, J. and THISSE, J. (1979), "On Hotelling's 'Stability in Competition'", Econometrica, 47, 1145-1150.
6. ELLISON, G. and FUDENBERG, D. (1995), "Word-of-Mouth Communication and Social Learning", Quarterly Journal of Economics, 110, 93-125.
7. EYSTER, E. and RABIN, M. (2005), "Cursed Equilibrium", Econometrica, 73, 1623-1672.
8. FISHMAN, M. and HAGERTY, K. (2003), "Mandatory Versus Voluntary Disclosure in Markets with Informed and Uninformed Customers", Journal of Law, Economics and Organization, 19, 45-63.
9. GABAIX, X., LAIBSON, D. and LI, H. (2005), "Extreme Value Theory and the Effects of Competition on Profits" (Mimeo, Harvard University).
10. GILBOA, I. and SCHMEIDLER, D. (2001) A Theory of Case-Based Decisions (Cambridge: Cambridge University Press).
11. JEHIEL, P. (2005), "Analogy-Based Expectations Equilibrium", Journal of Economic Theory, 123, 81-104.
12. JENSEN, M. (1968), "The Performance of Mutual Funds in the Period 1945-1964", Journal of Finance, 23, 389-416.
13. MILGROM, P. and ROBERTS, J. (1986), "Relying on Information of Interested Parties", Rand Journal of Economics, 17, 18-32.
14. OSBORNE, M. and RUBINSTEIN, A. (1998), "Games with Procedurally Rational Players", American Economic Review, 88, 834-849.
15. OSBORNE, M. and RUBINSTEIN, A. (2003), "Sampling Equilibrium with an Application to Strategic Voting", Games and Economic Behavior, 45, 434-441.
16. PERLOFF, J. and SALOP, S. (1985), "Equilibrium with Product Differentiation", Review of Economic Studies, 52, 107-120.
17. PERLOFF, J. and SALOP, S. (1986), "Firm-Specific Information, Product Differentiation, and Industry Equilibrium", Oxford Economic Papers, 38, 184-202.
18. PICCIONE, M. and RUBINSTEIN, A. (2003), "Modeling the Economic Interaction of Agents with Diverse Abilities to Recognize Equilibrium Patterns", Journal of European Economic Association, 212-223.
19. RABIN, M. (2002), "Inference by Believers in the Law of Small Numbers", Quarterly Journal of Economics, 117, 775-816.
20. ROB, R. (1985), "Equilibrium Price Distributions", The Review of Economic Studies, 52, 487-504.
21. RUBINSTEIN, A. (1993), "On Price Recognition and Computational Complexity in a Monopolistic Model", Journal of Political Economy, 101, 473-484.
22. SIRRI, E. and TUFANO, P. (1998), "Costly Search and Mutual Fund Flows", Journal of Finance, 53, 1589-1622.
23. SPIEGLER, R. (2005), "Testing Threats in Repeated Games", Journal of Economic Theory, 121, 214-235.
24. THADDEN, E. (1992), "Optimal Pricing against a Simple Learning Rule", Games and Economic Behavior, 4, 627-649.
25. TVERSKY, A. and KAHNEMAN, D. (1971), "Belief in the Law of Small Numbers", Psychological Bulletin, 2, 105-110.
26. VARIAN, H. (1980), "A Model of Sales", The American Economic Review, 70, 651-659.