Ordered Search in Differentiated Markets

Jidong Zhou ()

EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels

Abstract: This note presents an ordered search model in which consumers search both for price and product fitness. We construct an equilibrium in which there is price dispersion and prices rise in the order of search. The top firms in consumer search process, though charge lower prices, earn higher profits due to their larger market shares.

Keywords: Search; price dispersion; product differentiation. (search for similar items in EconPapers)
JEL-codes: D43 D83 L13 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-com
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Citations: View citations in EconPapers (1)

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http://www.eeri.eu/documents/wp/EERI_RP_2009_28.pdf (application/pdf)

Related works:
Journal Article: Ordered search in differentiated markets (2011)
Working Paper: Ordered Search in Differentiated Markets (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2009_28

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