Multiproduct Search and the Joint Search Effect

• 成果类型: Article
• 署名作者: Zhou, Jidong
• 署名单位: New York University
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.104.9.2918
• 发表日期: 2014
• 页码: 2918-2939
• 关键词: equilibrium price dispersion; consumer search; imperfect information; MODEL; GOODS; compatibility; COMPETITION; location

摘要

This paper presents a sequential search model where consumers look for several products from multiproduct firms. Multiproduct search can significantly influence firms' pricing decisions. For example, it can make market prices decrease with search costs. Possible applications of the model are also discussed.