Price Dispersion in the Lab and on the Internet: Theory and Evidence

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On the Empirical Content of Quantal Response Equilibrium (2008, unknown): “, Anderson, Goeree and Holt (1998a, 1998b), Baye and Morgan (2002), Camerer, Ho and Chong (2001), Capra et al (1999, 2002), Cason and Reynolds (2003), Fischbacher and Thoni (2002), Goeree and Holt (2000, 2001), Goeree, Holt and Palfrey (2002), McKelvey and Palfrey (1995, 1998), McKelvey, Palfrey and”
Information, Search, and Price Dispersion (2006, methodology): “Salop and Stiglitz (1977), Shilony (1977), Rosenthal (1980), Varian (1980), Narasimhan (1988), Spulber (1995), Baye and Morgan (2001), Baye, Morgan, and Scholten (2004a).1 The distinguishing feature of clearinghouse models is that a subset of consumers gain access to a list of prices charged by al”
Designing Price Contracts for Boundedly Rational Customers: Does the Number of Blocks Matter? (2007, methodology): “We show that this pattern of results can be better explained using a quantal response equilibrium (QRE) model (McKelvey and Palfrey 1995, Baye and Morgan 2004).”
Modeling the Psychology of Consumer and Firm Behavior with Behavioral Economics (2006, background): “A recent paper in the field of industrial organization (Baye and Morgan 2004) has applied the QRE to Bertrand competition and showed that above marginal-cost prices and even persistent price dispersion can exist even when search costs are zero (such as when customers can use engines to search lowest”