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Market transparency and consumer search - evidence from the German retail gasoline market
Martin, Simon - 2020
We study a novel trade-off in market transparency regulation by estimating a structural model of the German retail … gasoline market. Transparent environments enable easy price comparisons and match findings. Restricting transparency such that … is an inverse u-shaped relationship between consumer welfare and market transparency. Consumer welfare is maximal when …
Persistent link: https://www.econbiz.de/10012268956
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Directed Matching with Endogenous Markov Probability : Clients or Competitors?
Ciapanna, Emanuela - 2010
market equilibrium in a mixed economy. Under very general conditions, whenever a match client-consultant is formed, a pure … client. Thus, the equilibrium quality of the consulting services market does not depend only on the consulting group …
Persistent link: https://www.econbiz.de/10013137360
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Search Diversion
Chen, Linfeng - 2019
We consider a Hotelling model to deal with search diversion as a continuous variable for complements and substitutes. We examine a fixed gain from trade for complements and substitutes and endogenize the gain from trade. We propose the multi-demand model with linear demand. Further, we model the...
Persistent link: https://www.econbiz.de/10012894287
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The Search Function and Evolutionary Novelty
Felin, Teppo - 2019
In this paper we address the hard problem of search. Search is a pervasive phenomenon of biological and economic life. But search is hard—especially in uncertain and dynamic environments. We develop a generalized form of question-answer probing as a way of simplifying search, with implications...
Persistent link: https://www.econbiz.de/10012861355
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Pulp Friction : The Value of Quantity Contracts in Decentralized Markets
Darmouni, Olivier; Essig Aberg, Simon; Tolvanen, Juha - 2021
averse with respect to quantity. However, quantity contracts are costly due to their inflexibility to market conditions …
Persistent link: https://www.econbiz.de/10013212967
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Search Frictions and Market Power in Negotiated Price Markets
Allen, Jason; Clark, C. Robert; Houde, Jean-Francois - 2014
presence of search frictions in the Canadian mortgage market, and evaluate the relative importance of market power, inefficient …
Persistent link: https://www.econbiz.de/10014166929
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Searching for a better deal: On the influence of group decision making, time pressure and gender in a search experiment
Ibanez, Marcela; Czermak, Simon; Sutter, Matthias - 2008
We study behavior in a search experiment where sellers receive randomized bids from a computer. At any time, sellers can accept the highest standing bid or ask for another bid at positive costs. We find that sellers stop searching earlier than theoretically optimal. Inducing a mild form of time...
Persistent link: https://www.econbiz.de/10010293399
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Lohndispersion und Arbeitslosigkeit: Neuere Ansätze in der Suchtheorie
Garloff, Alfred - 2003
Aufbauend auf der Hypothese, dass Arbeitsmärkte durch unvollständige Information charakterisiert sind, werden in diesem Arbeitspapier neuere Entwicklungen innerhalb eines Zweiges informationsökonomischer Ansätze vorgestellt: der Suchtheorie. Dabei werden ausführlich insbesondere jene...
Persistent link: https://www.econbiz.de/10010297310
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Stable Marriages and Search Frictions
Lauermann, Stephan; Nöldeke, George - 2012
We embed a two-sided matching market with non-transferable utility, a marriage market, into a random search model. We … matchings for the underlying marriage market. We show that this is the case if and only if there is a unique stable matching …
Persistent link: https://www.econbiz.de/10011390677
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Assortative matching through signals
Poeschel, Friedrich - 2012
Verbindungen zwischen ähnlichen Subjekten sind ein häufig beobachtetes Phänomen. Damit solche Sortierungen in einem Suchmodell auftreten, müssen oft jedoch überraschend starke Bedingungen erfüllt sein. Diese Studie zeigt, dass ein um Signale erweitertes Suchmodell sogar vollkommene...
Persistent link: https://www.econbiz.de/10010323818