hypothesise that a wide range of online information channels (sales and discovery platforms) play a role in this market. We find … that the reduction of search costs implied by the generalisation of online information tools transforms demand as a result …

Consumers often do not have complete information about the choices they face and therefore have to spend time and … effort in acquiring information. Since information acquisition is costly, consumers have to trade-off the value of better … information against its cost, and make their final choices based on imperfect information. We model this decision using the …

Consumers often do not have complete information about the choices they face and therefore have to spend time and … effort in acquiring information. Since information acquisition is costly, consumers have to trade-off the value of better … information against its cost, and make their final choices based on imperfect information. We model this decision using the …

Consumers often do not have complete information about the choices they face and therefore have to spend time and … effort in acquiring information. Since information acquisition is costly, consumers trade-off the value of better information … against its cost, and make their final product choices based on imperfect information. We model this decision using the …

Consumers often do not have complete information about the choices they face and therefore have to spend time and … effort in acquiring information. Since information acquisition is costly, consumers trade-off the value of better information … against its cost, and make their final product choices based on imperfect information. We model this decision using the …

costs and the kinked demand function provides information on how search costs affect competition in the online market. Using …. Consumers face low search costs for price information from Amazon.com. It leads to a higher price elasticity when the firm …, consumers face relatively higher search costs for price information from Barnes & Noble. This leads to a lower price elasticity …