English, Article, Journal or magazine article edition: Price Dispersion and Short Run Equilibrium in a Queuing Model Michael Sattinger

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Bookmark: http://trove.nla.gov.au/version/137567
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Price Dispersion and Short Run Equilibrium in a Queuing Model
Author
  • Michael Sattinger
Physical Description
  • preprint
Notes
  • RePEc:wop:snyaec:03-09
  • Price dispersion is analyzed in the context of a queuing market where customers enter queues to acquire a good or service and may experience delays. With menu costs, price dispersion arises and can persist in the medium and long run. The queuing market rations goods in the same way whether firm prices are optimal or not. Price dispersion reduces the rate at which customers get the good and reduces customer welfare.
  • RePEc:nya:albaec:03-09
Language
  • English
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