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Ordered Search in Differentiated Markets
EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels
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)
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Downloads: (external link) 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) This item may be available elsewhere in EconPapers: Search for items with the same title.
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Persistent link: http://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2009_28
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