Ordered search

• 成果类型: Article
• 署名作者: Arbatskaya, Maria
• 署名单位: Emory University
• 刊物名称: RAND JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0741-6261
• DOI: 10.1111/j.1756-2171.2007.tb00047.x
• 发表日期: 2007
• 页码: 119-126
• 关键词: price dispersion; internet; MODEL; INFORMATION; MARKETS

摘要

I present an ordered-search model that, in contrast with random-search models, yields an intuitively appealing equilibrium in which there is price dispersion, prices and profits decline in the order of search and consumers with lower search costs search longer and obtain better deals. These features of the search equilibrium hold regardless of whether consumers are informed of prices prior to searching.