Abstract
| Original language | English |
|---|---|
| Place of Publication | Tilburg |
| Publisher | Microeconomics |
| Number of pages | 26 |
| Volume | 2002-7 |
| Publication status | Published - 2002 |
Publication series
| Name | CentER Discussion Paper |
|---|---|
| Volume | 2002-7 |
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Keywords
- market structure
- prices
- welfare
Cite this
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Transparency, Prices and Welfare with Imperfect Substitutes. / Boone, J.; Potters, J.J.M.
Tilburg : Microeconomics, 2002. (CentER Discussion Paper; Vol. 2002-7).Research output: Working paper › Discussion paper › Other research output
TY - UNPB
T1 - Transparency, Prices and Welfare with Imperfect Substitutes
AU - Boone, J.
AU - Potters, J.J.M.
N1 - Pagination: 26
PY - 2002
Y1 - 2002
N2 - Markets that are not completely transparent feature complex comparative statics with respect to the effect of number of firms, elasticity of substitution between goods and degree of transparency on equilibrium prices.The main result is that the following 'common wisdom' is incorrect: more transparent markets always feature lower prices, higher consumer welfare and lower price disperion.
AB - Markets that are not completely transparent feature complex comparative statics with respect to the effect of number of firms, elasticity of substitution between goods and degree of transparency on equilibrium prices.The main result is that the following 'common wisdom' is incorrect: more transparent markets always feature lower prices, higher consumer welfare and lower price disperion.
KW - market structure
KW - prices
KW - welfare
M3 - Discussion paper
VL - 2002-7
T3 - CentER Discussion Paper
BT - Transparency, Prices and Welfare with Imperfect Substitutes
PB - Microeconomics
CY - Tilburg
ER -