AN EQUILIBRIUM SEARCH MODEL OF SYNCHRONIZED SALES*

被引：8

作者：

Albrecht, James

Postel-Vinay, Fabien

Vroman, Susan

机构：

[1] Georgetown Univ, Washington, DC 20057 USA

[2] IZA, Bonn, Germany

[3] Univ Bristol, Bristol BS8 1TH, Avon, England

[4] Sci Po, Paris, France

[5] CEPR, Washington, DC USA

来源：

INTERNATIONAL ECONOMIC REVIEW | 2013年 / 54卷 / 02期

关键词：

BEHAVIOR; CYCLES;

D O I：

10.1111/iere.12003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We demonstrate the existence of periodic nonstationary equilibria with self-generating cycles in a simple model of random search. Our results provide a theory of synchronized sales based on product market search by heterogeneous consumers. That is, our model explains how it can be optimal for all sellers to follow a repeated pattern of posting a high price for several periods and then posting a low price for one period.

引用

页码：473 / 493

页数：21

共 22 条

[1] The dynamics of markups and inventories in retailing firms [J].