Equilibrium of a Search Model with Non-unit Demand

Buisson, Florent (2021): Equilibrium of a Search Model with Non-unit Demand.

Abstract

In this article, I prove the existence of an equilibrium in a search model with non-unit demand.

• Item Type: MPRA Paper
• Language: English
• Keywords: search
• Subjects: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness; L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L13 - Oligopoly and Other Imperfect Markets

References

Albrecht, J., F. Postel-Vinay, and S. Vroman (2009) : “A Search-Theoretic Model of Equilibrium Cycles with Sales,” 2009 Meeting Papers 691, Society for Economic Dynamics.

Benabou, R. (1993) : “Search Market Equilibrium, Bilateral Heterogeneity, and Repeat Purchases,” Journal of Economic Theory, 60(1), 140–158.

Burdett, K., and K. L. Judd (1983) : “Equilibrium Price Dispersion,” Econometrica, 51(4), 955–69.

Diamond, P. A. (1971) : “A model of price adjustment,” Journal of Economic Theory, 3(2), 156–168.

Levin, A., and T. Yun (2009) : “Reconsidering the Microeconomic Foundations of Price-Setting Behavior,” Unpublished Working Paper.

MacMinn, R. D. (1980) : “Search and Market Equilibrium,” Journal of Political Economy, 88(2), 308–27.

Mas-Colell, A. (1984) : “On a theorem of Schmeidler,” Journal of Mathematical Economics, 13(3), 201–206.

McCall, B., and J. McCall (2008) : The economics of search. Routledge.

Mortensen, D. T., and C. A. Pissarides (1999) : “New developments in models of search in the labor market,” in Handbook of Labor Economics, ed. by O. Ashenfelter, and D. Card, vol. 3, chap. 39, pp. 2567–2627. Elsevier.

Reinganum, J. F. (1979) : “A Simple Model of Equilibrium Price Dispersion,” Journal of Political Economy, 87(4), 851–58.

Rogerson, R., R. Shimer, and R. Wright (2005) : “Search-Theoretic Models of the Labor Market : A Survey,” Journal of Economic Literature, 43(4), 959–988.

Salop, S., and J. E. Stiglitz (1977) : “Bargains and Ripoffs : A Model of Monopolistically Competitive Price Dispersion,” Review of Economic Studies, 44(3), 493–510.

Schmeidler, D. (1973) : “Equilibrium points of nonatomic games,” Journal of Statistical Physics, 7, 295–300.

Stigler, G. J. (1961) : “The Economics of Information,” Journal of Political Economy, 69, 213. 11