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Article . 2012
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Article . 2012 . Peer-reviewed
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Research . 2010
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Directed search and optimal production

Authors: Geromichalos, Athanasios;

Directed search and optimal production

Abstract

This article provides a model where sellers can advertise their general trading mechanisms, such as the number of buyers that can be served and additional payments based on the realized demand, without the buyers being able to coordinate their visiting strategies. The author begins with an overview of the literature followed by an outline of the base model. This is followed by a detailed study of a benchmark case before extending the results to the general model, where it is proven that symmetric equilibria are constraint-efficient. Several useful theorems are presented with proof and a closed form formula for the equilibrium prices is derived.

Country
United States
Related Organizations
Keywords

multiplicity of equilibrium, 330, ddc:330, Marketing|Economics, Consumer behavior, demand theory, Special types of economic equilibria, directed search, endogenous matching function, directed search, efficiency, multiplicity of equilibrium, efficiency, jel: jel:C78, jel: jel:E24, jel: jel:J6

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    13
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
Powered by OpenAIRE graph
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
13
Average
Top 10%
Top 10%
bronze