Similar Search Results

García, Daniel - 2017

We study markets for perishable goods with search frictions. Sellers have a single unit of a good and post prices in every period. Buyers engage in costly search to observe prices and match values. In equilibrium trade starts endogenously and the volume of trade increases over time. Under mild...

Persistent link: https://www.econbiz.de/10011761525

Bounded rationality and socially optimal limits on choice in a self-selection model

Sheshinski, Eytan - 2003

When individuals choose from whatever alternatives available to them the one that maximizes their utility then it is always desirable that the government provide them with as many alternatives as possible. Individuals, however, do not always choose what is best for them and their mistakes may be...

Persistent link: https://www.econbiz.de/10011505924

Time will tell : recovering preferences when choices are noisy

Alós-Ferrer, Carlos; Fehr, Ernst; Netzer, Nick - 2018 - This version: October 2018

The ability to uncover preferences from choices is fundamental for both positive economics and welfare analysis. Overwhelming evidence shows that choice is stochastic, which has given rise to random utility models as the dominant paradigm in applied microeconomics. However, as is well known, it...

Persistent link: https://www.econbiz.de/10011929616

The devil you know : rational inattention to discrete choices when prior information matters

Pellegrino, Bruno - 2023

of risk-averse investors who select risky projects in an environment characterized by epistemic uncertainty (risk …

Persistent link: https://www.econbiz.de/10014247316

Self-preferencing, quality provision, and welfare in mobile application markets

Teng, Xuan - 2022

Platforms may give preferential treatment to their own products in search results. Whether and how to regulate this self-preferencing behavior is an intensely debated antitrust issue. This paper identifies self-preferencing and quantifies its equilibrium welfare effects in Apple App Store. I...

Persistent link: https://www.econbiz.de/10013419345

Consumer search : what can we learn from pre-purchase data?

Honka, Elisabeth; Seiler, Stephan; Ursu, Raluca - 2023

Researchers are increasingly able to observe consumers’ behavior prior to a purchase, such as their navigation through a store or website and the products they consider. Such pre-purchase (or search) data can be valuable to researchers in a variety of ways: as an additional source of...

Persistent link: https://www.econbiz.de/10014434021

Search engine competition

García, Daniel - 2023

This paper studies a model of search engine competition with endogenous obfuscation. Platforms may differ in the quality of their search algorithms. I study the impact of this heterogeneity in consumer surplus, seller profits and platform revenue. I show that the dominant platform will typically...

Persistent link: https://www.econbiz.de/10014444933

Search costs and diminishing sensitivity

Karle, Heiko; Kerzenmacher, Florian; Schumacher, Heiner; … - 2022

Empirical search cost estimates tend to increase in the size of the transaction, even if search can be done conveniently online. To assess this pattern systematically, we conduct an online search experiment in which we manipulate the price scale while keeping the physical search effort for each...

Persistent link: https://www.econbiz.de/10013342878

Consumer search and oligopolistic pricing : an empirical investigation

Janssen, Maarten C. W.; Moraga-González, José Luis; … - 2004

This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and, using the theoretical restrictions firm and consumer behavior impose on the data, we study the empirical validity of the models. Two...

Persistent link: https://www.econbiz.de/10011451282

The nature of risk preferences : evidence from insurance choices

Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2012

We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates "standard …" risk aversion (diminishing marginal utility for wealth) and probability distortions. We find that probability distortions … important role in explaining the aversion to risk manifested in deductible choices. This finding is robust to allowing for …

Persistent link: https://www.econbiz.de/10009621724

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