Sequential search with partial depth

Lin Liu, X. Wang () and Haojun Yu

Economics Letters, 2022, vol. 216, issue C

Abstract: Using the classical framework by Wolinsky (1986) and Anderson and Renault (1999), this paper explores partial-depth search and shows that consumers search products partially when search cost is large, and firms’ prices and consumer surplus are non-monotonic in search cost.

Keywords: Sequential search; Partial depth; Price; Competition; Welfare (search for similar items in EconPapers)
JEL-codes: D43 D83 L13 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:216:y:2022:i:c:s0165176522001963

DOI: 10.1016/j.econlet.2022.110624

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