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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 …
Persistent link: https://www.econbiz.de/10011255756
This paper presents a sequential search model where consumers look for several products among competitive multiproduct … �rms. In a multiproduct search mar- ket, both consumer behavior and �rm behavior exhibit di¤erent features from the single … search costs and increase with the number of �rms. The framework is then extended in two directions. First, by introducing …
Persistent link: https://www.econbiz.de/10009652940
search among prominent firms, and if their products are not satisfactory, they continue to search among non-prominent ones …
Persistent link: https://www.econbiz.de/10005786922