tag:blogger.com,1999:blog-4159906646513306121.post3260741885795315182..comments2023-11-19T20:38:50.237-08:00Comments on Economic Logic: Limit gas price changes to once a day?Economic Logicianhttp://www.blogger.com/profile/10171296292101248614noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4159906646513306121.post-79870842420179093112012-12-17T13:11:44.851-08:002012-12-17T13:11:44.851-08:00Hi
I've seen the abstract, it says " In ...Hi<br /><br />I've seen the abstract, it says " In a two-period duopoly model with consumer search, I show that in face of the regulation, firms will distort their prices intertemporally in such a way that their aggregate expected profit remains unchanged."<br /><br />A two period model? Is that relevant? I understood that the question was wether the prices change too frequently, not if it is a good thing that they can change at all...<br /><br />avsnoreply@blogger.com