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Ordered consumer search

Abstract:

The paper discusses situations in which consumers search through their options in a deliberate order. Topics include: the existence of ordered search equilibria with symmetric sellers (all consumers first inspect the seller they anticipate will set the lowest price, and a seller that is inspected first by consumers will set the lowest price); the use of price and non-price advertising to direct search; how purchase history can guide future search; and the incentive a seller can have to raise ...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1093/jeea/jvx017

Authors


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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Role:
Author
Publisher:
Oxford University Press
Journal:
Journal of the European Economic Association More from this journal
Volume:
15
Issue:
5
Pages:
989–1024
Publication date:
2017-06-07
Acceptance date:
2017-03-14
DOI:
EISSN:
1542-4774
ISSN:
1542-4766
Language:
English
Keywords:
Pubs id:
pubs:679269
UUID:
uuid:b373474b-b068-449f-a343-58804f9ada56
Local pid:
pubs:679269
Source identifiers:
679269
Deposit date:
2017-03-14

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