Constrained Fixed Sample Search

Roberto Bonilla and Francis Kiraly ()
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Francis Kiraly: Newcastle University

Economics Bulletin, 2020, vol. 40, issue 2, 1645-1650

Abstract: We consider a version of the Stigler model of fixed sample price search, where consumer utility depends on whether or not at least one sampled price fulfils a pre-set target. We establish that search intensity is a non-monotonic function of this target. We also point out a hitherto unexamined disadvantage of fixed sample search compared to sequential search.

Keywords: fixed sample search; constrained search. (search for similar items in EconPapers)
JEL-codes: C6 D8 (search for similar items in EconPapers)
Date: 2020-06-07
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Related works:
Working Paper: Constrained fixed sample search (2019)
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