One suggested rationale for asymmetric price adjustments by firms is that firms are responding to asymmetric search … behavior, but theoretical models assume this asymmetric consumer search is generated by imperfect consumer information about … the price distribution and/or heterogeneous costs of search. I demonstrate that asymmetric search occurs after a shift in …

The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for … lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria … with and without price guarantees exist but price guarantees will have no effect on prices if search costs are low, hassle …

Should a seller make information about its products readily accessible to customers, so that customers do not have to … to make product information easily accessible, thereby allowing customers to resolve their uncertainties for free … decisions. We consider three “information structures” differing in whether the seller makes information about the products …

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 decreases the price of another product, whereas it increases its … own price, and a negative correlation between the demands for each product strengthens these tendencies. Both prices …

In many markets consumers have imperfect information about the utility they derive from the products that are on offer … estimate is highly significant and indicates that consumers conduct a limited amount of search. Estimates of own- and cross-price … elasticities are lower and markups are higher than if we assume consumers have full information …