Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "8360"
  #_source: array:26 [
    "id" => "8360"
    "slug" => "quality-uncertainty-and-welfare-in-a-search-economy"
    "yearMonth" => "2001-10"
    "year" => "2001"
    "title" => "Quality Uncertainty and Welfare in a Search Economy"
    "description" => "BESANCENOT, D. et VRANCEANU, R. (2001). <i>Quality Uncertainty and Welfare in a Search Economy</i>. ESSEC Business School."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "VRANCEANU Radu"
        "bid" => "B00000524"
        "slug" => "vranceanu-radu"
      ]
      1 => array:1 [
        "name" => "BESANCENOT D."
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2020-12-17 21:00:33"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => null
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Documents de travail"
      "en" => "Working Papers"
    ]
    "support_type" => array:2 [
      "fr" => "Editeur"
      "en" => "Publisher"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "Les modèles de recherche représentent de manière explicite les coûts subis par les consommateurs pour acquérir de l'information sur les prix. Peter Diamond a démontré qu'une telle économie ne peut pas atteindre spontanément l'équilibre walrassien , au contraire, les firmes affichent le prix de monopole et prélèvent l'intégralité du suplus du consommateur. Nous montrons que, dans ce contexte, plus d'incertitude sur la qualité du produit peut engendrer une amélioration du bien-être."
      "en" => "Equilibrium search models carried a step further the neoclassical analysis of decentralized economies, by formalizing the acquisition of price information a costly activity. In a classical study, Peter Diamond proved that a search economy hosting homogeneous agents cannot reach spontaneously the Walrasian equilibrium: to the contrary, the resulting equilibrium has rather dramatic implications in terms of welfare, as firms post a single monopoly price and reap all consumers' surplus. In this paper, we show that additional uncertainty on product quality may bring about a Pareto-improved allocation in search economy."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-12-21T15:21:45.000Z"
    "docTitle" => "Quality Uncertainty and Welfare in a Search Economy"
    "docSurtitle" => "Documents de travail"
    "authorNames" => "<a href="/cv/vranceanu-radu">VRANCEANU Radu</a>, BESANCENOT D."
    "docDescription" => "<span class="document-property-authors">VRANCEANU Radu, BESANCENOT D.</span><br><span class="document-property-authors_fields">Economie</span> | <span class="document-property-year">2001</span>"
    "keywordList" => ""
    "docPreview" => "<b>Quality Uncertainty and Welfare in a Search Economy</b><br><span>2001-10 | Documents de travail </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Quality Uncertainty and Welfare in a Search Economy</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 8.846382
  +"parent": null
}