Similar Search Results

Propensity to search and income elasticity of demand : does the equilibrium really exist?

Malakhov, Sergey - In: Expert journal of economics 6 (2018) 1, pp. 15-25

The analysis of the propensity to search under price dispersion discovers the identity of the optimal consumption-leisure choices in the model of optimal search and in the classical model of individual labor supply when the propensity to search is unimportant. However, the vigorous propensity to...

Persistent link: https://www.econbiz.de/10012062883

Consumer Search and Optimal Information

Dogan, Mustafa - 2019

This paper studies an information design problem in a sequential consumer search environment. Consumers, whose valuation of firm's products is uncertain, observe a noisy signal about the valuation upon being matched with a firm. The goal is to characterize those signal structures that maximize...

Persistent link: https://www.econbiz.de/10012895959

Consumer Search Costs and Preferences on the Internet

Jolivet, Grégory - 2014

We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price dispersion among adverts for the same product. We also show...

Persistent link: https://www.econbiz.de/10013043670

Robust sequential search

Schlag, Karl H.; Zapechelnyuk, Andriy - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 4, pp. 1431-1470

We study sequential search without priors. Our interest lies in decision rules that are close to being optimal under each prior and after each history. We call these rules robust. The search literature employs optimal rules based on cutoff strategies, and these rules are not robust. We derive...

Persistent link: https://www.econbiz.de/10012806602

Testing the reference-dependent model : a laboratory search experiment

Miura, Takahiro; Inukai, Keigo; Sasaki, Masaru - 2019

Our paper conducts laboratory experiments with the sequential search model to test whether participants engage in search activities in line with theoretical predictions derived from the expected utility model or the reference-dependent model, without assuming any specific formulation rule for a...

Persistent link: https://www.econbiz.de/10012019322

Consumer Search : Not Enough or Too Much?

Zwick, Rami; Rapoport, Amnon; Lo, Alison King; … - 2001

We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for the best alternative from a known and finite set of multi-attribute alternatives. In contrast to most previous studies, we make no distributional assumptions about the quality of...

Persistent link: https://www.econbiz.de/10014034631

Uncertain product availability in search markets

Atayev, Atabek - 2021

In many markets buyers are poorly informed about which firms sell the product (product availability) and prices, and therefore have to spend time to obtain this information. In contrast, sellers typically have a better idea about which rivals offer the product. Information asymmetry between...

Persistent link: https://www.econbiz.de/10012671887

Improved matching, directed search, and bargaining in the credit card market

Raveendranathan, Gajendran - 2018

Persistent link: https://www.econbiz.de/10011817900

Risk attitudes with state-dependent indivisibilities in consumption

Fels, Markus - 2019

risk averse anymore even if utility from divisible consumption is concave. I propose a definition of insurance in the … that bases insurance demand on risk aversion with important implications for policy and research. … such state-dependent indivisible consumption opportunities influences a person’s risk attitudes. In general, people are not …

Persistent link: https://www.econbiz.de/10011998942

Labor and financial market interactions : the case of labor income risk and car insurance in the UK 1969-95

Koeniger, Winfried - 2001

and car insurance using data from the UK. The main empirical results are: - higher labor income risk induces a higher … demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the …

Persistent link: https://www.econbiz.de/10011339678