We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …

indication of reduced job search effort and moral hazard behavior. However, to date, there is hardly any direct evidence of … benefit-induced reductions in search effort. This paper exploits quasi-experimental variation in the potential benefit … duration in Germany paired with individual-level data on job search behavior to directly investigate this assumed relationship …