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 …

We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted … structural model of sequential directed search where consumers observe all advert prices but have to pay a search cost to see the … other advert characteristics. We allow for flexible heterogeneity in consumers' preferences and search costs. After deriving …