We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover … prices. There are three distinct price dispersed equilibria characterized by low, moderate and high search intensity … equilibrium consumers' search intensity, and(ii) to the status quo number of firms.For instance, when consumers search with low …

This paper provides a method to estimate search costs in an environment in which consumers are uncertain about the … provides bounds on the search costs that can rationalize observed search and purchasing behavior. Using individual …-specific data on web browsing and purchasing behavior for electronics sold online we show how to use these bounds to estimate search …