Markups: A Search-Theoretic Perspective
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https://www.nber.org/papers/w32888
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I derive a formula for the equilibrium distribution of markups in the search- theoretic model of imperfect competition of Butters (1977), Varian (1980), and Burdett and Judd (1983). The level of markups and the sign of the relationship between a sellers markup and its size depends on the extent of
我推导了一个公式,用于刻画Butters(1977)、Varian(1980)及Burdett和Judd(1983)所提出的不完全竞争搜索理论模型(search-theoretic model of imperfect competition)中的加价率(markup)均衡分布。加价率的水平以及卖方加价率与其规模之间关系的符号,取决于...
提供机构:
美国国家经济研究局
创建时间:
2024-09-01



