Published October 4, 2017
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Imperfect Information and Monopolistic Competition
- Creators
- Schwartz, Alan
- Wilde, Louis L.
Abstract
This paper reviews recent search equilibrium models to see whether usable policy instruments can be derived from them. It concludes that the strength of the assumptions that many of these models make largely precludes such derivations, and ends by sketching possible lines of research that have both positive interest and the potential to yield helpful normative conclusions.
Additional Information
This paper has benefited greatly from the comments and suggestions of Edward Green, Mary O' Keeffe, Jennifer Reinganum and James Strnad, Our work was supported by NSF Grant No. DAR-8016066. Published as Schwartz, Alan, and Louis L. Wilde. "Imperfect information, monopolistic competition, and public policy." The American Economic Review 72.2 (1982): 18-23.Attached Files
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Additional details
- Alternative title
- Imperfect Information, Monopolistic Competition, and Public Policy
- Eprint ID
- 82088
- Resolver ID
- CaltechAUTHORS:20171004-151357909
- DAR-8016066
- NSF
- Created
-
2017-10-04Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 403