Schwartz, Alan and Wilde, Louis L. (1981) Imperfect Information and Monopolistic Competition. Social Science Working Paper, 403. California Institute of Technology , Pasadena, CA. https://resolver.caltech.edu/CaltechAUTHORS:20171004-151357909
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Abstract
This paper reviews recent search equilibrium models to see whether usable policy instruments can be derived from them. It concludes that the strength of the assumptions that many of these models make largely precludes such derivations, and ends by sketching possible lines of research that have both positive interest and the potential to yield helpful normative conclusions.
| Item Type: | Report or Paper (Working Paper) | |||||||||
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| Alternate Title: | Imperfect Information, Monopolistic Competition, and Public Policy | |||||||||
| Additional Information: | This paper has benefited greatly from the comments and suggestions of Edward Green, Mary O' Keeffe, Jennifer Reinganum and James Strnad, Our work was supported by NSF Grant No. DAR-8016066. Published as Schwartz, Alan, and Louis L. Wilde. "Imperfect information, monopolistic competition, and public policy." The American Economic Review 72.2 (1982): 18-23. | |||||||||
| Group: | Social Science Working Papers | |||||||||
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| Subject Keywords: | Consumer prices, Consumer equilibrium, Marginal cost pricing, Consumer information, Economic models, Acquisition costs, Modeling, Monopolistic competition, Sumer, Market prices | |||||||||
| Series Name: | Social Science Working Paper | |||||||||
| Issue or Number: | 403 | |||||||||
| Record Number: | CaltechAUTHORS:20171004-151357909 | |||||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20171004-151357909 | |||||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | |||||||||
| ID Code: | 82088 | |||||||||
| Collection: | CaltechAUTHORS | |||||||||
| Deposited By: | Jacquelyn Bussone | |||||||||
| Deposited On: | 04 Oct 2017 23:27 | |||||||||
| Last Modified: | 03 Oct 2019 18:50 |
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