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 …

betweenfirms,thereby lowering prices and increasing economic welfare. This paperpresents a search model that provides a different …, but reduce prices when consumers search intensityis high. These different comparative statics results may explain themixed …

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 …

decide whether to search for a new wild organism with a certain quality or to produce the drug in question with an extant …

consumers search the marketfor satisfactory deals. In the pre-merger market equilibrium, all firms lookalike and so the … merger,insiders raise their prices more than the outsiders so consumers search forgood deals first at the non-merging stores … and then, if they do not find anyproduct satisfactory enough, they continue searching at the merging stores.When search …

Do the choices of consumers who search for a product's best price exhibit risk neutral, risk averse or loss averse risk … attitudes? We study how in a problem of sequential search with costless recall the relation between a consumer's willingness to … pay for continued search and the level of price uncertainty depends on her risk preferences. Independent of the current …

search for a job-type that matches their skill. They face a trade-off between match quality and the cost of extended search …. This trade-off differs between regions, because search is more efficient in larger regions. Then, interregional mobility … commodities that are search intensive, i.e. that require a wide variety of tasks and make use of scarce worker types. Empirical …