Moraga-González, José L.; Sándor, Zsolt; … - 2014
heterogeneity. In doing so, we dispense with the usual assumption that all consumers search at least once in equilibrium. This … important but often neglected aspect of the price mechanism. Recognizing the role the equilibrium price plays in consumers … participation|may be affected in opposing directions by a change in search costs. When search costs go up, fewer consumers decide to …