between firms, thereby lowering prices and increasing economic welfare. This paper presents a search model that provides a … each of these equilibria. For example, a reduction in search cost may raise equilibrium prices when consumers' search … intensity is low, but reduce prices when consumers search intensity is high. These different comparative statics results may …

I examine a search model a la' Burdett and Judd (1983). Consumers are embedded in a consumers network, they may costly … search for price quotations and the information gathered are non-excludable along direct links. This allows me to explore the … effect of endogenous consumers externalities on market functioning. I first show that when search costs are low consumers …

This paper builds a consumer search model where the cost of going back to stores already searched is explicitly taken … into account. We show that the optimal search rule under costly recall is very different from the optimal search rule under … perfect recall. Under costly recall, the optimal search behaviour is nonstationary and, moreover, the reservation price is not …

This paper analyses the role of information in the search process. I …

In this paper, we employ search theory as a micro-economic foundation for the wasteful commuting hypothesis. It is … argued that the commute of the self-employed is the result of a search process for vacant workplaces, whereas employees … search for vacant jobs through space. Because the arrival rate of workplaces is much higher than the arrival rate of jobs …