Anmerkungen:
In: Economics Letters, Vol. 141, 2016
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 11, 2016 erstellt
Beschreibung:
We analyze an equilibrium search model in a duopoly setting with bilateral heterogeneities in production and search costs in which firms can advertise by announcing price and location. We study existence, stability, and comparative statics in such a setting, compare the market advertising level to the socially optimal level, and find conditions in which firms advertise more or less than the social optimum