Similar Search Results

Obradovits, Martin; Plaickner, Philipp - 2020

In many (online) markets, consumers can readily observe prices, but need to examine individual products at positive cost in order to assess how well they match their needs. We propose a tractable model of price-directed sequential search in a market where firms compete in prices. Each product...

Persistent link: https://www.econbiz.de/10012241989

Multiproduct Firms, Consumer Search, and Demand Heterogeneity

Kittaka, Yuta - 2020

This study constructs a consumer search model in which some consumers search for multiple products, whereas others search for a single product. A price difference arises because of a difference in the price elasticity for each group. We show that a positive demand shock to one of the products...

Persistent link: https://www.econbiz.de/10012852683

Nonlinear prices, homogeneous goods, search

Atayev, Atabek - 2021

We analyze competition on nonlinear prices in homogeneous goods markets with consumer search. In equilibrium firms offer two-part tariffs consisting of a linear price and lump-sum fee. The equilibrium production is socially efficient as the linear price of equilibrium two-part tariffs equals to...

Persistent link: https://www.econbiz.de/10012672138

Multiproduct firms, consumer search, and demand heterogeneity

Kittaka, Yuta - 2018

This study constructs a sequential consumer search model with differentiated products in which some consumers search for a single product while the others search for multiple products. When the mass of consumers who demand one of the products decreases, the price for one product decreases while...

Persistent link: https://www.econbiz.de/10011804803

Consumer Search and Price Competition

Choi, Michael - 2016

We consider an oligopoly model in which consumers engage in sequential search based on partial product information and advertised prices. We derive a simple condition that fully summarizes consumers' shopping outcomes and use the condition to reformulate the pricing game among the sellers as a...

Persistent link: https://www.econbiz.de/10012979803

Nonlinear Prices, Homogeneous Goods, Search

Atayev, Atabek - 2021

Persistent link: https://www.econbiz.de/10013310001

Advertising and consumer search in a duopoly model

Janssen, Maarten C. W.; Non, Mariëlle C. - 2005

. Information can come through two different channels: advertising and sequential consumer search. We arrive at the following … results. First, there is no monotone relationship between prices and the degree of advertising. Second, advertising and search … are “substitutes” for a large range of parameters. Third, when the cost of either search or advertising vanishes, the …

Persistent link: https://www.econbiz.de/10011343292

Going where the ad leads you : on high advertised prices and search where to buy

Janssen, Maarten C. W.; Non, Marielle C. - 2006

the basic fact that they sell the product. In this way, advertising lowers the expected search cost. We show that this … role of advertising can lead to a situation where advertised prices are higher than non-advertised prices in equilibrium. …

Persistent link: https://www.econbiz.de/10011349181

Buy Now, Search Later : A Model of Low-Price Guarantees with Post-Purchase Search

Arbatskaya, Maria - 2005

A common feature of low-price guarantees is that they allow consumers to postpone bargain-hunting until after the purchase. This paper addresses a number of questions concerning the adoption pattern of price-matching and price-beating guarantees with post-purchase search and their impacts on...

Persistent link: https://www.econbiz.de/10014062962

Estimating demand with multi-homing in two-sided markets

Affeldt, Pauline Luise; Argentesi, Elena; Filistrucchi, Lapo - 2021

, accounting for multi-homing helps to recognize complementarity between products; on the advertising side, it allows to measure to … what extent advertising demand depends on the shares of exclusive and overlapping readers. …

Persistent link: https://www.econbiz.de/10012607419

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