Kroft, Kory; Pope, Devin G. - In: Journal of Labor Economics 32 (2014) 2, pp. 259-259
Since the seminal work of Stigler in 1962, economists have recognized that information is costly to acquire and leads to “search frictions.” Growth in online search has lowered the cost of information acquisition. We analyze the expansion of the website Craigslist, which allows users to post...