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Information Percolation in Large Markets

✍ Scribed by Darrell Duffie and Gustavo Manso


Book ID
125666251
Publisher
American Economic Association
Year
2007
Tongue
English
Weight
828 KB
Volume
97
Category
Article
ISSN
0002-8282

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## Abstract This paper evaluates the simplifying assumption that producers compete in a large market without substantial strategic interactions using nonparametric regressions of producers' choices on market size. With such __atomistic__ competition, increasing the number of consumers leaves the di