Lowering consumer search costs can lead to higher prices
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DOI: 10.1016/j.econlet.2017.10.011
Abstract: We demonstrate that regulations that lower consumer search costs and make them less heterogeneous across consumers can lead to higher prices charged by firms. We estimate the distribution of consumer search costs for 366 isolated… read more here.
Keywords: lead higher; consumer; higher prices; consumer search ... See more keywords
Shopping malls, platforms and consumer search
Sign Up to like & getrecommendations! Published in 2018 at "International Journal of Industrial Organization"
DOI: 10.1016/j.ijindorg.2018.02.004
Abstract: Abstract We consider a model of a market for differentiated goods in which firms are located in marketplaces e.g., shopping malls or platforms. There are search frictions between marketplaces, but not within. Marketplaces differ in… read more here.
Keywords: search; marketplace; malls platforms; shopping malls ... See more keywords
The Determinants and Consequences of Search Cost Heterogeneity: Evidence from Local Gasoline Markets
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DOI: 10.1509/jmr.15.0146
Abstract: Information frictions play a key role in an array of economic activities and are frequently incorporated into formal models as search costs. However, little is known about the underlying source of consumer search costs and… read more here.
Keywords: search; search costs; gasoline; consumer search ... See more keywords