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| Arthur Fishman |
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| ''Active search in the Diamond search model'' |
| ( 2021, Vol. 41 No.3 ) |
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| 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.
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| Keywords: Diamond paradox, active search, price dispersion, |
JEL: D4 - Market Structure and Pricing: General
D8 - Information, Knowledge, and Uncertainty: General |
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| Manuscript Received : May 28 2021 | | Manuscript Accepted : Sep 18 2021 |
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