Cognitive models of optimal sequential search with recall
Sign Up to like & getrecommendations! Published in 2021 at "Cognition"
DOI: 10.1016/j.cognition.2021.104595
Abstract: Many everyday decisions require sequential search, according to which available choice options are observed one at a time, with each observation involving some cost to the decision maker. In these tasks, decision makers need to… read more here.
Keywords: decision; cognitive models; decision makers; models optimal ... See more keywords
Price Search and Periodic Price Discounts
Sign Up to like & getrecommendations! Published in 2017 at "Management Science"
DOI: 10.2139/ssrn.2815073
Abstract: This paper empirically investigates the interplay between buyer search behavior and firm pricing strategy in a commodity market where many firms price compete to sell homogeneous products. We use the heterogeneity in buyers’ search costs… read more here.
Keywords: price discounts; search model; search; periodic price ... See more keywords