On the identification of the costs of simultaneous search

Jose Moraga-Gonzalez, Zsolt Sandor and Matthijs Wildenbeest
Additional contact information
Zsolt Sandor: University of Groningen

No D/867, IESE Research Papers from IESE Business School

Abstract: This paper studies the identification of the costs of simultaneous search in a class of (portfolio) problems studied by Chade and Smith (2006). We show that aggregate data from a single market, or disaggregate data from a single market segment, do not provide sufficient information to identify the costs of simultaneous search in any reasonable interval. We then show that by pooling aggregate data from multiple markets, or disaggregate data from multiple market segments, the econometrician can identify the costs of simultaneous search in a non-empty interval. Within the context of specific examples, we illustrate that identification of the search cost distribution in its full support may easily be obtained.

Keywords: search costs; portfolio choice; non-parametric identification (search for similar items in EconPapers)
JEL-codes: C14 D83 J64 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2010-07-11
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Citations: View citations in EconPapers (1)

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http://www.iese.edu/research/pdfs/DI-0867-E.pdf (application/pdf)

Related works:
Working Paper: On the Identification of the Costs of Simultaneous Search (2011)
Working Paper: On the Identification of the Costs of Simultaneous Search (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:iesewp:d-0867

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