Moraga-Gonzalez, Jose Luis; Sandor, Zsolt; Wildenbeest, … - Department of Business Economics and Public Policy, … - 2010
We generalize the model of Burdett and Judd (1983) to the case where an arbitrary finite number of firms sells a homogeneous good to buyers who have heterogeneous search costs. We show that a price dispersed symmetric Nash equilibrium always exists. Numerical results show that the behavior of...
