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作者：Head, Allen; Lloyd-Ellis, Huw; Sun, Hongfei
作者单位：Queens University - Canada
摘要：In the course of our ongoing research, we have discovered two substantive errors in this article. These mistakes do not affect significantly either the qualitative nature of the results or any of the principal conclusions stated in the paper. They do, however, affect the specific quantitative results. One error affects the empirical findings presented primarily in Section I and the online Appendix. The other involves the calculation of sales of existing houses in artificial data generated by t...
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作者：Malmendier, Ulrike
作者单位：University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要：An important unresolved issue in the search literature is the question to what extent suboptimal search reflects traditional search frictions, and to what extent it reflects behavioral biases. The distinction is important for assessing welfare, predicting firm behavior, and making policy choices. In order to make progress on this question, we need a precise theoretical distinction and micro data. I argue that Schneider's (2016) analysis and data confirm and complement the main findings in Malm...
