G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14454
DP14454 Simultaneous Search for Differentiated Products: The Impact of Search Costs and Firm Prominence
José-Luis Moraga-González; Zsolt Sándor; Matthijs Wildenbeest
发表日期2020-02-29
出版年2020
语种英语
摘要This paper extends the literature on simultaneous search by allowing for differentiated products and consumer search cost heterogeneity. In a duopolistic market, consumers with sufficiently low search costs choose to inspect the products of the two firms and purchase, if any, the most suitable; consumers with higher search costs choose to examine just one of the products; consumers with prohibitively high search costs do not check any of the products and drop out of the market altogether. We show conditions under which a symmetric price equilibrium always exists. We provide a necessary and sufficient condition on the search cost distribution under which an increase in the costs of search of all consumers may result in a lower, equal or higher equilibrium price. We extend this analysis to the case with more than two firms. The effects of prominence on equilibrium prices are also studied. The prominent firm charges a higher price than the non-prominent firm and both their prices are below the symmetric equilibrium price. Consequently, with simultaneous search, market prominence increases the surplus of consumers.
主题Industrial Organization
关键词Non-sequential search Simultaneous search Oligopoly Search cost heterogeneity Differentiated products Non-uniform sampling Prominence
URLhttps://cepr.org/publications/dp14454-0
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/543353
推荐引用方式
GB/T 7714
José-Luis Moraga-González,Zsolt Sándor,Matthijs Wildenbeest. DP14454 Simultaneous Search for Differentiated Products: The Impact of Search Costs and Firm Prominence. 2020.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[José-Luis Moraga-González]的文章
[Zsolt Sándor]的文章
[Matthijs Wildenbeest]的文章
百度学术
百度学术中相似的文章
[José-Luis Moraga-González]的文章
[Zsolt Sándor]的文章
[Matthijs Wildenbeest]的文章
必应学术
必应学术中相似的文章
[José-Luis Moraga-González]的文章
[Zsolt Sándor]的文章
[Matthijs Wildenbeest]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。