Ordered Search in Differentiated Markets

Jidong Zhou ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper presents an ordered search model in which consumers search both for price and product fitness. We show that there is price dispersion in equilibrium and prices rise in the order of search. The top firms in consumer search order, though charge lower prices, earn higher profits due to their larger market shares.

Keywords: non-random search; price dispersion; product differentiation (search for similar items in EconPapers)
JEL-codes: D43 D83 L13 (search for similar items in EconPapers)
Date: 2009-02-13
New Economics Papers: this item is included in nep-com and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/13397/1/MPRA_paper_13397.pdf original version (application/pdf)

Related works:
Journal Article: Ordered search in differentiated markets (2011)
Working Paper: Ordered Search in Differentiated Markets (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13397

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