| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11566 |
| DP11566 Ordered Consumer Search | |
| Mark Armstrong | |
| 发表日期 | 2016-10-09 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | The paper discusses situations in which consumers search through their options in a deliberate order, in contrast to more familiar models with random search. Topics include: the existence of ordered search equilibria with symmetric sellers (all consumers first inspect the seller they anticipate sets the lowest price, and a seller which is inspected first by consumers will set the lowest price); the use of price and non-price advertising to direct search; the impact of consumers starting a new search at their previous supplier; 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 or dynamic decision making. |
| 主题 | Industrial Organization |
| 关键词 | Consumer search Sequential search Ordered search Directed search Discrete choice Oligopoly Advertising Obfuscation |
| URL | https://cepr.org/publications/dp11566 |
| 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/540380 |
| 推荐引用方式 GB/T 7714 | Mark Armstrong. DP11566 Ordered Consumer Search. 2016. |
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