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Arthur Fishman
 
''Active search in the Diamond search model''
( 2021, Vol. 41 No.3 )
 
 
It is shown that introducing both consumer and firm heterogeneity into Diamond's original search model leads to both price dispersion and active consumer search in equilibrium.
 
 
Keywords: Diamond paradox, active search, price dispersion,
JEL: D4 - Market Structure and Pricing: General
D8 - Information, Knowledge, and Uncertainty: General
 
Manuscript Received : May 28 2021 Manuscript Accepted : Sep 18 2021

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