CONSUMER SEARCH COSTS AND MARKET PERFORMANCE
نویسندگان
چکیده
منابع مشابه
Consumer Search Costs and Market Performance
Laboratory markets are conducted to evaluate the effects of consumer search costs on market performance. The primary research goal is to assess the behavioral relevance of Diamond’s (1971) paradoxical conclusion that the injection of a small consumer search cost alters the equilibrium price prediction from competitive to monopoly levels. Although monopoly prices are not consistently observed, w...
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In this paper we study the benefits of search costs in distributed multi-agent systems (MAS). These costs, often associated with obtaining, processing and evaluating information relating to other agents in the environment, can be either monetary or manifested in some tax on the agent’s resources. Traditionally, such costs are considered as market inefficiency, and, as such, aimed to be reduced ...
متن کاملPrice Guarantees , Consumer Search , and Hassle Costs
The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria with and without price guarantees exist but price guarantees will have no effect on prices if search costs are low, hassle costs are high and the number of u...
متن کاملConsumer Search and Retail Market Structure
This paper proposes a framework for studying how consumer search and multiproduct purchase a¤ect retail market structure. To provide one-stop shopping convenience and attract more consumers, single-product shops supplying di¤erent products can merge to form a multiproduct retailer. The merger, however, also changes the market structure and a¤ects price competition. When the search friction is n...
متن کاملThe Effect of Consumer Search Costs on Entry and Quality in the Mobile App Market
This paper examines the effects of consumer search costs on entry, product design, and quality in online markets. Using 2012-2014 data from the Google Play mobile app store, I take advantage of a natural experiment that reduced search costs for one product type (game apps) in early 2014. Difference-indifferences estimates show that entry increased by 33% relative to the control group (non-games...
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ژورنال
عنوان ژورنال: Economic Inquiry
سال: 1996
ISSN: 0095-2583,1465-7295
DOI: 10.1111/j.1465-7295.1996.tb01368.x