Ordered Consumer Search

A-Tier
Journal: Journal of the European Economic Association
Year: 2017
Volume: 15
Issue: 5
Pages: 989-1024

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

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

Abstract

The paper discusses situations in which consumers search through their options in a deliberate order. Topics include: the existence of ordered search equilibria with symmetric sellers (all consumers first inspect the seller they anticipate will set the lowest price, and a seller that is inspected first by consumers will set the lowest price); the use of price and non-price advertising to direct search; how purchase history can guide future search; and the incentive a seller can have to raise its own search cost. I also show how ordered search can be reformulated as a simpler discrete choice problem without search frictions.

Technical Details

RePEc Handle
repec:oup:jeurec:v:15:y:2017:i:5:p:989-1024.
Journal Field
General
Author Count
1
Added to Database
2026-01-24