{
    "name": [
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            "namePart": [
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            "namePart": [
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    "abstract": [
        "For many years, economists have observed substantial and pervasive price dispersion\u2014wide variations in price for the same product. Some economists have attributed price dispersion to \"ignorance in the market,\" a lack of information among buyers and sellers. More recently, economists at the Richmond Fed and the University of Pennsylvania have developed a model that combines price dispersion theory with intertemporal price discrimination theory to suggest that buyers' differing ability and willingness to shop around might explain price dispersion."
    ],
    "language": [
        "eng"
    ],
    "titleInfo": [
        {
            "title": "Buyers' Ability and Willingness to Shop Around",
            "subTitle": "An Explanation for Price Dispersion",
            "titlePartNumber": "No. 15-07"
        }
    ],
    "originInfo": {
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        "sortDate": "2015-07-01",
        "dateIssued": "July 2015"
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    "recordInfo": {
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        "recordUpdatedDate": "2025-07-09 14:46:13",
        "recordCreationDate": "2019-08-01 17:38:33",
        "recordContentSource": "frs",
        "recordType": "item"
    },
    "typeOfResource": "text",
    "physicalDescription": {
        "form": "electronic",
        "extent": "4 pages",
        "digitalOrigin": "born digital",
        "internetMediaType": [
            "application\/pdf"
        ]
    },
    "location": {
        "url": [
            "https:\/\/fraser.stlouisfed.org\/title\/economic-brief-6034\/buyers-ability-willingness-shop-around-583938"
        ],
        "iiif_manifest_url": [
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        "pdfUrl": [
            "https:\/\/fraser.stlouisfed.org\/docs\/historical\/frbrich\/econbrief\/frbrich_eb_15-07.pdf"
        ],
        "textUrl": [
            "https:\/\/fraser.stlouisfed.org\/files\/text\/historical\/frbrich\/econbrief\/frbrich_eb_15-07.txt"
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    "relatedItem": [
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            "titleInfo": [
                {
                    "title": "Economic Brief "
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            "name": [
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                    "namePart": [
                        "Federal Reserve Bank of Richmond"
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    "accessCondition": "For more information on rights relating to this item, please see: https:\/\/fraser.stlouisfed.org\/title\/economic-brief-6034\/buyers-ability-willingness-shop-around-583938"
}