Singh, Nirvikar (2010): Transaction, Search and Switching Costs: An Expository Essay.
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This essay provides an elementary, unified introduction to the impacts of transaction, search and switching costs on resource allocation in competitive markets. The emphasis is on incorporating these phenomena into models of price-taking behavior, rather than the more usual treatments with imperfect competition.
|Item Type:||MPRA Paper|
|Original Title:||Transaction, Search and Switching Costs: An Expository Essay|
|Keywords:||transaction costs; search costs; switching costs; competitive markets; price-taking|
|Subjects:||D - Microeconomics > D1 - Household Behavior and Family Economics > D11 - Consumer Economics: Theory
D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness
|Depositing User:||Nirvikar Singh|
|Date Deposited:||24. Mar 2010 06:05|
|Last Modified:||21. Feb 2013 06:30|
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