Ordered search in differentiated markets

B-Tier
Journal: International Journal of Industrial Organization
Year: 2011
Volume: 29
Issue: 2
Pages: 253-262

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper presents an ordered search model in which consumers search both for price and product fitness. I construct an equilibrium in which there is price dispersion and prices rise in the order of search. The top firms in consumer search process, though charge lower prices, earn higher profits due to their larger market shares. Compared to random search, ordered search can induce all firms to charge higher prices and harm market efficiency.

Technical Details

RePEc Handle
repec:eee:indorg:v:29:y:2011:i:2:p:253-262
Journal Field
Industrial Organization
Author Count
1
Added to Database
2026-01-29