𝔖 Bobbio Scriptorium
✦   LIBER   ✦

IMPERFECT INFORMATION AND PRICE RIGIDITY

✍ Scribed by ARNOLD KLING


Book ID
115202431
Publisher
Oxford University Press
Year
1982
Tongue
English
Weight
499 KB
Volume
20
Category
Article
ISSN
0095-2583

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Price-matching policy with imperfect inf
✍ Wen Mao πŸ“‚ Article πŸ“… 2005 πŸ› John Wiley and Sons 🌐 English βš– 107 KB

## Abstract The model of price‐matching policy emphasizes on the importance of information imperfection. The demand is derived based on the assumptions that consumers have different reservation prices and different preferences over location. When a firm undercuts its competitor's price, it changes