consumers search for satisfactory deals. In the pre-merger symmetricequilibrium, the probability that a firm is the next one to … when they do not find any product satisfactory enough, they continue searching atthe merging stores. When search costs are … sizable search economies. Such demand-side economies can conferthe merging firms a prominent position in the marketplace, in …

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 …