Search Theory of Imperfect Competition with Decreasing Returns to Scale
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I study a version of the search-theoretic model of imperfect competition by Burdett and Judd (1983) in which sellers face a strictly increasing rather than a constant marginal cost of production. The equilibrium exists and is unique, and its structure depends on the extent of search frictions. If
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美国国家经济研究局创建时间：
2023-05-01
