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http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1886| Title: | The provision of quality in a bilateral search market |
| Keywords: | Quality dispersion Nash Program Bilateral search |
| Description: | We accomplish two goals. First, we provide a non-cooperative foundation for the use of the Nash bargaining solution in search markets. This finding should help to close the rift between the search and the matching-and-bargaining literature. Second, we establish that the diversity of quality offered (at an increasing price-quality ratio) in a decentralized market is an equilibrium phenomenon - even in the limit as search frictions disappear. |
| URI: | http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1886 |
| Other Identifiers: | http://hdl.handle.net/10261/1886 |
| Appears in Collections: | Digital Csic |
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