Geodesic
Asymmetric Equilibria in Stahl Search Model
Contributions to game theory and management, Tome 6 (2013), pp. 274-288

Voir la notice de l'article provenant de la source Math-Net.Ru

The paper explores the classic consumer search model introduced by Stahl in (Stahl, 1989). Literature uses the unique symmetric Nash Equilibrium, but does little to discuss asymmetric Equilibria. This paper describes all possible asymmetric Nash Equilibria of the original model, under the common literature assumption of consumer reserve price. Those include strategies of three types: pure, continuous mixing and a mixture of the previous two types. The findings suggest that on some level, lower than the symmetric Equilibrium, price dispersion will still exist, together with some level of price stickiness, both observed in reality.
Keywords: Sequential Consumer Search, Oligopoly, Asymmetric NE. 
@article{CGTM_2013_6_a20,
     author = {Sergey Kuniavsky},
     title = {Asymmetric {Equilibria} in {Stahl} {Search} {Model}},
     journal = {Contributions to game theory and management},
     pages = {274--288},
     publisher = {mathdoc},
     volume = {6},
     year = {2013},
     language = {en},
     url = {http://geodesic.mathdoc.fr/item/CGTM_2013_6_a20/}
}
TY  - JOUR
AU  - Sergey Kuniavsky
TI  - Asymmetric Equilibria in Stahl Search Model
JO  - Contributions to game theory and management
PY  - 2013
SP  - 274
EP  - 288
VL  - 6
PB  - mathdoc
UR  - http://geodesic.mathdoc.fr/item/CGTM_2013_6_a20/
LA  - en
ID  - CGTM_2013_6_a20
ER  - 
%0 Journal Article
%A Sergey Kuniavsky
%T Asymmetric Equilibria in Stahl Search Model
%J Contributions to game theory and management
%D 2013
%P 274-288
%V 6
%I mathdoc
%U http://geodesic.mathdoc.fr/item/CGTM_2013_6_a20/
%G en
%F CGTM_2013_6_a20
Sergey Kuniavsky. Asymmetric Equilibria in Stahl Search Model. Contributions to game theory and management, Tome 6 (2013), pp. 274-288. http://geodesic.mathdoc.fr/item/CGTM_2013_6_a20/