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Dynamic Model of the Price Dispersion of Homogeneous Goods

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Figure

Figure 2:  Displayed is the average price distribution (squares) for the second σdefinition of a good [15]
Figure 3:  Displayed is the average price distribution (squares) for the third definition of a good [15]
Figure 4:  Displayed is the average price distribution (squares) for the fourth definition of a good [15]
Figure 5:  Displayed is the standard deviation of the relative price of the empirical data (squares) [15]
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