Moraga-Gonzalez, Jose Luis; Sandor, Zsolt; Wildenbeest, … - Department of Business Economics and Public Policy, …
We study the role of search cost heterogeneity in four models of consumer search. The models cover markets for … critical condition for higher search costs to result in lower prices, namely, that the search cost distribution has an … at the extensive margin is stronger than the effect on the intensive margin. For the case where the search cost shifter …