This paper studies search and prices in the Medigap insurance market. Using data on market shares, insurer … characteristics, and plan prices, we estimate to what extent prices can be explained by search and product differentiation. In our … model, consumers search across Medigap insurers for prices as well as plan types. Our estimates indicate search costs are …

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 …

costs of search with its marginal benefit. The consumer can maximize the utility of his consumption-leisure choice with … regard to the equality of marginal values of search. Therefore, the satisficing decision procedure results in the optimizing …

Firms simultaneously set prices in a homogeneous-product market where uninformed consumers search for price information …. Some uninformed consumers are local searchers who visit only one seller, possibly due to high search costs or bounded … rationality; whereas others search sequentially with an optimal reservation price. Equilibrium prices may follow a mixture …

between firms, thereby lowering prices and increasing economic welfare. This paper presents a search model that provides a … each of these equilibria. For example, a reduction in search cost may raise equilibrium prices when consumers' search … intensity is low, but reduce prices when consumers search intensity is high. These different comparative statics results may …

due to imperfect information and costly household search. The interaction of heterogeneous knowledge, research investment …, revenues, and search outcomes across agents endogenously generates the empirically observed but seemingly idiosyncratic Pareto …

The directed search model (Peters, 1984) is static; its dynamic extensions typically restrict strategies, often … assuming price or match commitments. We lift such restrictions to study equilibrium when search can be directed over time …

We modify the paper of Stahl (1989) [Stahl, D.O., 1989. Oligopolistic pricing with sequential consumer search. American … particular, expected price increases as search cost decreases and is constant in the number of shoppers and in the number of … firms. Welfare falls as firms enter the market. We show that monopoly pricing never obtains with truly costly search. …

We consider a search market model where agents have heterogeneous beliefs about the distribution of prices. A … welfare (by lowering aggregate search costs) without decreasing quantity supplied. These results are broadly consistent with …