Daughety, Andrew F.; Reinganum, Jennifer F. - In: RAND Journal of Economics 23 (1992) 2, pp. 184-202
In search models, the property of "recall" has heretofore been treated as exogenous, with a distinction made between models with "no recall" and models with "perfect recall." However, an alternative interpretation is that recall is provided by the firms. Then, "perfect recall" corresponds to...