Macro shocks cause equilibrium price dispersion

De Meza, David

; and Reito, Francesco (2021) Macro shocks cause equilibrium price dispersion. Economics Letters, 208: 110082. ISSN 0165-1765

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Price dispersion is shown to arise when demand is stochastic, ex-ante identical competitive firms set price prior to the realization of uncertainty and ex-ante identical buyers cannot switch sellers if rationed.

Item Type	Article
Keywords	stochastic demand,price dispersion,rationing,waster
Departments	Management
DOI	10.1016/j.econlet.2021.110082
Date Deposited	10 Sep 2021 11:15
URI	https://researchonline.lse.ac.uk/id/eprint/111897

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https://www.lse.ac.uk/management/people/academic-staff/ddmeza (Author)
10.1016/j.econlet.2021.110082 (DOI)

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