Showing 1 - 10 of 16
This paper presents an empirical examination of oligopoly pricingand consumer search. The theoretical model allows for …
Persistent link: https://www.econbiz.de/10010325459
We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an …
Persistent link: https://www.econbiz.de/10010325345
We modify the paper of Stahl (1989) [Stahl, D.O., 1989. Oligopolistic pricing with sequential consumer search. American Economic Review 79, 700–12] by relaxing the assumption that consumers obtain the first price quotation for free. When all price quotations are costly to obtain, the unique...
Persistent link: https://www.econbiz.de/10010325399
We examine an export game where two firms (home and foreign), located in two differentcountries, produce vertically differentiated products. The foreign firm is the most efficientin terms of R&D costs of quality development and the foreign country is relatively larger andendowed with a...
Persistent link: https://www.econbiz.de/10010325360
oligopoly and present a new maximum likelihood method to estimate search costs. We apply our method to a data set of online …
Persistent link: https://www.econbiz.de/10010325352
We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an …
Persistent link: https://www.econbiz.de/10011256013
We modify the paper of Stahl (1989) [Stahl, D.O., 1989. Oligopolistic pricing with sequential consumer search. American Economic Review 79, 700–12] by relaxing the assumption that consumers obtain the first price quotation for free. When all price quotations are costly to obtain, the unique...
Persistent link: https://www.econbiz.de/10011256195
We generalize the model of Burdett and Judd (1983) to the case where an arbitrary finite number of firms sells a homogeneous good to buyers who have heterogeneous search costs. We show that a price dispersed symmetric Nash equilibrium always exists. Numerical results show that the behavior of...
Persistent link: https://www.econbiz.de/10008534100
This paper studies the estimation of the cost of non-sequential search. We provide a new method based on semi-nonparametric (SNP) estimation that allows us to pool price data from different consumer markets with the same underlying search cost distribution but dierent valuations or selling...
Persistent link: https://www.econbiz.de/10005011858
We study the role of search cost heterogeneity in four models of consumer search. The models cover markets for homogeneous and differentiated goods where consumers search non-sequentially and sequentially. When search costs are sufficiently dispersed, an increase in search costs (in the sense of...
Persistent link: https://www.econbiz.de/10011096392