Collusion with costly consumer search
نویسندگان
چکیده
منابع مشابه
WORKING PAPERS Consumer Search Markets with Costly Second Visits
This is the first paper on consumer search where the cost of going back to stores already searched is explicitly taken into account. We show that the optimal sequential search rule under costly second visits is very different from the traditional reservation price rule in that it is nonstationary and not independent of previously sampled prices. We explore the implications of costly second visi...
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Firms compete by choosing both a price and a design from a family of designs that can be represented as demand rotations. Consumers engage in costly sequential search among rms. Each time a consumer pays a search cost he observes a new o¤ering. An o¤ering consists of a price quote and a new good, where goods might vary in the extent to which they are good matches for the consumer. In equilibri...
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ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2016
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2015.10.006