| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28638 |
| 来源ID | Working Paper 28638 |
| Optimal Product Design: Implications for Competition and Growth under Declining Search Frictions | |
| Guido Menzio | |
| 发表日期 | 2021-04-05 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | As search frictions become smaller in the market for a consumer product, buyers are able to locate and access more sellers per unit of time. In response, sellers choose to design varieties of the product that are more specialized in order to exploit differences in the buyers' preferences. I find mild conditions on the fundamentals under which the decline in search frictions and the increase in specialization have exactly offsetting effects on the extent of competition in the market. Under these conditions, price dispersion remains constant over time even though search frictions are vanishing. Buyer's surplus and seller's profit, however, grow at a constant endogenous rate, as the endogenous increase in specialization allows sellers to cater better and better to the heterogeneous desires of buyers. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment ; Industrial Organization ; Market Structure and Firm Performance ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w28638 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586311 |
| 推荐引用方式 GB/T 7714 | Guido Menzio. Optimal Product Design: Implications for Competition and Growth under Declining Search Frictions. 2021. |
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| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28638.pdf（279KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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