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Advertising and Consumer Search in a Duopoly Model
Janssen, Maarten C.W.; Non, Mariëlle C. - Tinbergen Instituut - 2005
. Information can come through two different channels: advertising and sequential consumer search. We arrive at the following … results. First, there is no monotone relationship between prices and the degree of advertising. Second, advertising and search … are “substitutes” for a large range of parameters. Third, when the cost of either search or advertising vanishes, the …
Persistent link: https://www.econbiz.de/10011256424
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Advertising and Consumer Search in a Duopoly Model
Janssen, Maarten C.W.; Non, Mariëlle C. - Tinbergen Institute - 2005
. Information can come through two different channels: advertising and sequential consumer search. We arrive at the following … results. First, there is no monotone relationship between prices and the degree of advertising. Second, advertising and search … are “substitutes” for a large range of parameters. Third, when the cost of either search or advertising vanishes, the …
Persistent link: https://www.econbiz.de/10005209440
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On Mergers in Consumer Search Markets
Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis - Tinbergen Instituut - 2007
We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search environment, the search behavior of consumers. Endogenous...
Persistent link: https://www.econbiz.de/10011255485
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Two Firms is enough for Competition, but Three or More is better
Janssen, Maarten C.W.; Moraga, Jose Luis - Tinbergen Instituut - 2001
We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover prices. There are three distinct price dispersed equilibria characterized by low, moderate and high search intensity, respectively. We show that the effects of an increase in...
Persistent link: https://www.econbiz.de/10011255756
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A Note on Costly Sequential Search and Oligopoly Pricing
Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis; … - Tinbergen Instituut - 2004
We modify the paper of Stahl (1989) [Stahl, D.O., 1989. Oligopolistic pricing with sequential consumer search. American Economic Review 79, 700–12] by relaxing the assumption that consumers obtain the first price quotation for free. When all price quotations are costly to obtain, the unique...
Persistent link: https://www.econbiz.de/10011256195
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Consumer Search and Oligopolistic Pricing: An Empirical Investigation
Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis; … - Tinbergen Instituut - 2004
This paper presents an empirical examination of oligopoly pricingand consumer search. The theoretical model allows for sequential andnon-sequential search and using the theoretical restrictions firm andconsumer behavior impose on the data we study the empirical validity of themodels. Two...
Persistent link: https://www.econbiz.de/10011256993
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Pricing, Consumer Search and the Size of Internet Markets
Janssen, Maarten C.W.; Moraga, Jose Luis - Tinbergen Instituut - 2000
Despite the mixed empirical evidence, many economists stillhold to the view that Internet will promote competition betweenfirms,thereby lowering prices and increasing economic welfare. This paperpresents a search model that provides a different view. We analyzethemarket for a homogeneous good...
Persistent link: https://www.econbiz.de/10011257322
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On Mergers in Consumer Search Markets
Janssen, Maarten C.W.; Moraga-González, José Luis - Tinbergen Institute - 2007
We study mergers in a market where <I>N</I> firms sell a homogeneous good and consumers search sequentially to discover prices. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search environment, the search behavior of consumers. Endogenous...</i>
Persistent link: https://www.econbiz.de/10005136862
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Consumer Search and Oligopolistic Pricing: An Empirical Investigation
Janssen, Maarten C.W.; Moraga-González, José Luis; … - Tinbergen Institute - 2004
This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and using the theoretical restrictions firm and consumer behavior impose on the data we study the empirical validity of the models. Two...
Persistent link: https://www.econbiz.de/10005137296
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Two Firms is enough for Competition, but Three or More is better
Janssen, Maarten C.W.; Moraga, José Luis - Tinbergen Institute - 2001
We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover prices. There are three distinct price dispersed equilibria characterized by low, moderate and high search intensity, respectively. We show that the effects of an increase in...
Persistent link: https://www.econbiz.de/10005137310