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Stiglitz and Salop expand on bargains and ripoffs in a model of monopolistically competitive price dispersion.
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Salop et al. (Sat,) studied this question.
www.synapsesocial.com/papers/6a01dbae449274ec075cb795 — DOI: https://doi.org/10.2307/2296903
Steven C. Salop
Joseph E. Stiglitz
The Review of Economic Studies
Stanford University
University of Oxford
Federal Reserve
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