Garrod, Luke; Li, Ruochen; Russo, Antonio; Wilson, … - 2026 - Original version: January 2025, this version: February 2026
vary in the number of firms they consider. We demonstrate that, for a broad class of demand functions, when demand is log … (larger) price rises. Nevertheless, regardless of whether demand is log-concave or log-convex, a cost rise will tend to …-through under price dispersion relates to demand shocks, changes with competition, and behaves under endogenous consideration sets. …