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This paper uses the example of an exam to model multi-dimensional search under a deadline. When the dimension is two …, an order-invariance property allows simple characterization of the optimal search policy. Behavior is shown to be highly …; this increases complexity of the problem of finding the optimal search policy. …
Persistent link: https://www.econbiz.de/10005688286
outside option, which is modeled as a sequential search process during which he can also choose to return to bargaining at any … time. Two cases considered: In Regime I, both agents have symmetric information about the search parameters. We find that …, delay is possible. The solution characterizes the parameters for renegotiation and those for search with no return to the …
Persistent link: https://www.econbiz.de/10005399036
consider a market with sequential consumer search in which firms often encourage first-time visitors to buy immediately, either …
Persistent link: https://www.econbiz.de/10011496146
consider a market with sequential consumer search in which firms often encourage first-time visitors to buy immediately, either …
Persistent link: https://www.econbiz.de/10011524813
she can investigate rival deals in the market.  We consider a market with sequential consumer search in which firms can …
Persistent link: https://www.econbiz.de/10009318141
consider a market with sequential consumer search in which firms often encourage first-time visitors to buy immediately, either …
Persistent link: https://www.econbiz.de/10008565120
We consider a market in which firms can partially observe each consumer's search behavior in the market. In our main …. Likewise, if firms must charge the same price to all consumers, regardless of search history, we show that they sometimes have … the incentive to make exploding offers. We also consider other ways in which firms could use information about search …
Persistent link: https://www.econbiz.de/10008543479
We consider a market with sequential consumer search in which firms can distinguish potential customers visiting for …
Persistent link: https://www.econbiz.de/10008468147
consider a market with sequential consumer search in which firms often encourage first-time visitors to buy immediately, either …
Persistent link: https://www.econbiz.de/10008684458
This paper shows how sustainable consumption patterns can spread within a population via processes of social learning even though a strong individual learning bias may favor environmentally harmful products. We present a model depicting how the biased transmission of different behaviors via...
Persistent link: https://www.econbiz.de/10010266737