Similar Search Results

Optimal Selling Mechanisms with Buyer Price Search

Lu, Jingfeng; Wang, Zijia - 2021

We study optimal dynamic selling mechanisms in a two-stage model where the buyer can search for a better price at the second stage. When this outside price is public, the optimal selling mechanism takes the form of a fixed first-stage price with price matching in the second stage. In contrast,...

Persistent link: https://www.econbiz.de/10013220021

(Quasi) uniqueness and restoring dynamics of price-dispersion market equilibria under search cost

Alvarez González, Francisco; Rey, José-Manuel - In: Journal of mathematical economics 81 (2019), pp. 1-13

Persistent link: https://www.econbiz.de/10012105756

Vertical contracts in search markets

Janssen, Maarten C. W. - In: International journal of industrial organization 70 (2020), pp. 1-11

Persistent link: https://www.econbiz.de/10012581731

Contract Design and Self-Control : Theory and Evidence

Malmendier, Ulrike; Della Vigna, Stefano - 2004

How do rational firms respond to consumer biases? In this paper, we analyze the profit-maximizing contract design of … the profit-maximizing contract design with partially naive time-inconsistent consumers. First, firms price investment … consumption and underestimation of the renewal probability. The predictions of the theory match the empirical contract design in …

Persistent link: https://www.econbiz.de/10014029515

The durability of information, market efficiency and the size of firms : search with repeated transactions

Fishman, Arthur; Rob, Rafael - 1991

Persistent link: https://www.econbiz.de/10000829065

The durability of information, market efficiency and the size of firms : search with repeated transactions

Fishman, Arthur; Rob, Rafael - 1992

Persistent link: https://www.econbiz.de/10000914524

Consumer Search with Uninformed Buyers and Imperfect Recall

McCarthy, Ian M. - 2013

This paper analyzes two aspects of the standard sequential consumer search model: (1) the role of the consumer's ex ante information structure on market outcomes and search behavior; and (2) the effect of imperfect recall on market outcomes and search behavior. Simulated equilibria are generated...

Persistent link: https://www.econbiz.de/10013075811

Search with uninformed buyers and imperfect recall

McCarthy, Ian M. - In: Consumer issues in global economics, finance and business, (pp. 211-225). 2011

Persistent link: https://www.econbiz.de/10009427417

Search costs and equilibrium price dispersion in auction markets

Backus, Matthew R.; Podwol, Uri; Schneider, Henry S. - In: European economic review : EER 71 (2014), pp. 173-192

Persistent link: https://www.econbiz.de/10010512262

Dynamic directed search

Camera, Gabriele; Kim, Jaehong - 2015

Persistent link: https://www.econbiz.de/10010528891