| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16440 |
| DP16440 Consumer Search and Choice Overload | |
| Volker Nocke; Patrick Rey | |
| 发表日期 | 2021-08-09 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We consider a multiproduct seller facing consumers who must search to learn prices and valuations. The equilibrium features choice overload: the larger the product line, the fewer consumers start searching. We provide conditions under which the seller offers too much or too little variety. We then allow the seller to position products or make recommendations, thereby introducing the possibility of directed search, and show that the seller may find it profitable to maintain some noise. Finally, we study the seller's incentive to disclose product identity and extend our analysis to that of a platform choosing which sellers to host. |
| 主题 | Industrial Organization ; Organizational Economics |
| 关键词 | Sequential consumer search Product variety Choice overload Multiproduct firm Platform |
| URL | https://cepr.org/publications/dp16440 |
| 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/545399 |
| 推荐引用方式 GB/T 7714 | Volker Nocke,Patrick Rey. DP16440 Consumer Search and Choice Overload. 2021. |
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