costs of search with its marginal benefit. The consumer can maximize the utility of his consumption-leisure choice with … regard to the equality of marginal values of search. Therefore, the satisficing decision procedure results in the optimizing …

equalizes marginal costs of search with its marginal benefits. The implicit optimal choice results in the explicit satisficing …

The synthesis of the G.Sigler’s rule of the optimal search with the classical individual labor supply model enlarges … the understanding of the phenomenon of money flexibility. The constraints of the search model makes the Lagrangian …

When expected savings on purchases are greater than the wage rate, the optimal search results in the negative marginal … utility of leisure. The search transforms the classical backward bending effect and the leisure becomes complementary to the … search. Consumers compensate “bad” leisure by status goods of exceptional quality on markets with high price dispersion …

costs of search with its marginal benefit. The consumer can maximize the utility of his consumption-leisure choice with … regard to the equality of marginal values of search. Therefore, the satisficing decision procedure results in the optimizing …

consider a market with sequential consumer search in which firms often encourage first-time visitors to buy immediately, either …

We consider a market in which firms can partially observe each consumer's search behavior in the market. In our main …. Likewise, if firms must charge the same price to all consumers, regardless of search history, we show that they sometimes have … the incentive to make exploding offers. We also consider other ways in which firms could use information about search …

We consider a market with sequential consumer search in which firms can distinguish potential customers visiting for …

uncertainty forces newcomers to the market to search for an acceptable price which is less than the marginal utility of the good …. Old customers may decide to engage in search after a price increase, if the expected difference in search costs and price …

Firms simultaneously set prices in a homogeneous-product market where uninformed consumers search for price information …. Some uninformed consumers are local searchers who visit only one seller, possibly due to high search costs or bounded … rationality; whereas others search sequentially with an optimal reservation price. Equilibrium prices may follow a mixture …