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Consumer search with asymmetric price sampling

Carmen Astorne-Figari and Aleksandr Yankelevich

Economics Letters, 2014, vol. 122, issue 2, 331-333

Abstract: We explore asymmetries in the way consumers sample prices in a simple sequential search framework. In equilibrium, the price distribution of a firm catering to more local consumers first-order stochastically dominates that of its rival. Prices rise in the degree of asymmetry.

Keywords: Sequential consumer search; Oligopoly; Price dispersion (search for similar items in EconPapers)
JEL-codes: D43 D83 L13 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1016/j.econlet.2013.12.019

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