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The economics literature generally considers products as points in some characteristics space. Starting with Hotelling, this served as a convenient assumption, yet with more products being .exible or self-customizable to some degree it makes sense to think that products have positive measure. I...
Persistent link: https://www.econbiz.de/10003781438
When consumers search for differentiated products, a given search decision can be explained either by low search cost or by low tastes for the set of products already found. We propose an identification strategy that allows to estimate the search cost distribution in the presence of unobserved...
Persistent link: https://www.econbiz.de/10013015471
The economics literature generally considers products as points in some characteristics space. Starting with Hotelling, this served as a convenient assumption, yet with more products being .exible or self-customizable to some degree it makes sense to think that products have positive measure. I...
Persistent link: https://www.econbiz.de/10010266307
The economics literature generally considers products as points in some characteristics space. With more products being flexible or self-customizable to some degree, it makes sense to model products with positive measure. I develop a model of firms which can offer interval-long 'fat' products in...
Persistent link: https://www.econbiz.de/10014048351