code level. The main findings are 1) consumers search non-linear with regard to prices and price changes. They search more …-through rates than cost decreases and 3) search intensity significantly impacts price adjustments and controlling for search …

Using a competitive search (price-posting) model, Lester (2011) shows that improving buyers’ price information can … with price-responsiveness, which varies systematically across treatments and impacts sellers’ pricing incentives. For …

buyers regarding those costs. This information asymmetry between sellers and buyers is especially relevant in markets where … such information asymmetry. Our main finding is that informing buyers about marginal costs may harm them by deterring … information sharing. …

the equilibrium prediction are rejected. At the other extreme, sellers are predicted to sell at a price equal to marginal …