The sequential search model: A framework for empirical research

Raluca Ursu, Stephan Seiler and Elisabeth Honka ()
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Raluca Ursu: NYU Stern
Stephan Seiler: Imperial College
Elisabeth Honka: UCLA

Quantitative Marketing and Economics (QME), 2025, vol. 23, issue 1, No 4, 165-213

Abstract: Abstract We provide a detailed overview of the empirical implementation of the sequential search model proposed by Weitzman (1979). We discuss the assumptions underlying the model, the identification of search cost and preference parameters, elasticities and welfare formulas, and different estimation approaches. The goal of this paper is to consolidate knowledge and provide a unified treatment of various aspects of sequential search models that are relevant for empirical work.

Keywords: Sequential; search; model (search for similar items in EconPapers)
JEL-codes: D43 D83 L13 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11129-024-09291-2

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