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Reference-dependent consumption plans
Kőszegi, Botond; Rabin, Matthew - In: The American economic review 99 (2009) 3, pp. 909-936
Persistent link: https://www.econbiz.de/10003863213
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Spurious complexity and common standards in markets for consumer goods
Gaudeul, Alexia; Sugden, Robert - 2009
well-attested heuristic. Consumers who use this heuristic favour firms that follow common conventions about tariff … structures. Because a 'common standard' promotes price competition, a firm's use of it signals that it offers value for money …, validating the heuristic. This allows an equilibrium in which firms use common standards and set competitive prices. -- common …
Persistent link: https://www.econbiz.de/10003886816
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Searching the eBay marketplace
Sailer, Katharina - 2006 - This Version: October 2006
This paper proposes a framework for demand estimation with data on bids, bidders' identities, and auction covariates from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. Form the simple dynamic auction model with IPV and private bidding costs...
Persistent link: https://www.econbiz.de/10003412392
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Estimating demand in search markets : the case of online hotel bookings
Koulayev, Sergei - 2009
In this paper, we emphasize that choice sets generated by a search process have two properties: first, they are limited; second, they are endogenous to preferences. Both factors lead to biased estimates in a static demand framework that takes choice sets as given. To correct for this bias, we...
Persistent link: https://www.econbiz.de/10003914087
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Market share dynamics in a model with search and word-of-mouth communication
Schmidt, Robert C. - 2009
to use mixed pricing strategies in equilibrium. The resulting price dispersion generates non-trivial market share …
Persistent link: https://www.econbiz.de/10003935674
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Costly buyer search in a differentiated products model : an experimental study
Mago, Shakun Datta - In: Southern economic journal 77 (2010) 2, pp. 282-312
Persistent link: https://www.econbiz.de/10008732215
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Role models that make you unhappy : light paternalism, social learning and welfare
Cordes, Christian; Schubert, Christian - 2010
Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that appear to be "wasteful" in terms of well-being or welfare. Within settings displaying preference endogeneity, it is however still unclear how to conceptualize well-being. This...
Persistent link: https://www.econbiz.de/10008809600
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Variety aversion and information overload : an experimental approach
Kaiser, Karen - 2011
conducted, and its results, that subjects suffering from information overload use variety aversion as a strategy to deal with …
Persistent link: https://www.econbiz.de/10008991845
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Tariff-mediated network effects with incompletely informed consumers
Muck, Johannes - 2016
I explore the competitive effects of on-net/off-net differentiation in a market with two asymmetric networks by combining the literature on on-net/off-net differentiation with research on costly consumer search in an agent-based simulation model. All consumers in the market are subscribed to one...
Persistent link: https://www.econbiz.de/10011416583
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On mergers in consumer search markets
Janssen, Maarten C. W.; Moraga-González, José Luis - 2007
We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search environment, the search behavior of consumers. Endogenous...
Persistent link: https://www.econbiz.de/10011372993