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Online Demand Under Limited Consumer Search
SSRN Electronic Journal, 2009Using aggregate product search data from Amazon.com, we jointly estimate consumer information search and online demand for consumer durable goods. To estimate the demand and search primitives, we introduce an optimal sequential search process into a model of choice and treat the observed market-level product search data as aggregations of individual ...
Kim, Jun Beom +2 more
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Search Query Formation by Strategic Consumers
SSRN Electronic Journal, 2018Submitting queries to search engines has become a major way in which consumers search for information and products. The massive amount of search query data available today has the potential to provide valuable information on consumer preferences. In order to unlock this potential, it is necessary to understand how consumers translate their preferences ...
Jia Liu, Olivier Toubia
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Journal of Economic Behavior & Organization, 1992
Abstract This paper experimentally examines individual decision making in a sequential search environment. When consumers sequentially search for the lowest price from a known distribution of prices, theory suggests that decisions will be based on a comparison of the marginal cost of an additional search and the expected return from that search ...
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Abstract This paper experimentally examines individual decision making in a sequential search environment. When consumers sequentially search for the lowest price from a known distribution of prices, theory suggests that decisions will be based on a comparison of the marginal cost of an additional search and the expected return from that search ...
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2018
This dissertation consists of three papers which are aimed at extending consumer search theory by relaxing some of the informational assumptions and by inquiring into the incentives of firms to share information. The first paper analyses firm's incentives to share information in search markets. Many benchmarks in over-the-counter markets, such as LIBOR,
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This dissertation consists of three papers which are aimed at extending consumer search theory by relaxing some of the informational assumptions and by inquiring into the incentives of firms to share information. The first paper analyses firm's incentives to share information in search markets. Many benchmarks in over-the-counter markets, such as LIBOR,
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Consumer Search and Alternative Market Equilibria
The Review of Economic Studies, 1980A general model is presented for studying the connection between imperfect information and imperfect competition, comparing the methodology involved in generating monopolistic competition due to consumers' imperfect information with the methodology involved in generating monopolistic competition due to product differentiation.
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Sequential Consumer Search with Incompletely Informed Consumers
RAND Journal of Economics, 2011Janssen, Maarten +2 more
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