In this paper we estimate a structural model of search for differentiated products, using a unique dataset of consumer online search for hotels. We propose and implement an identification strategy that allows us to separately estimate consumer's beliefs, search costs and preferences. Learning...

In this paper, we revisit the problem of search with learning about the price distribution, as introduced by Rothschild (1974). For searchers with Dirichlet priors, we develop a novel characterization of the optimal search behavior. The advantage of our solution relative to the characterization...

This article is an empirical application of the search model with an unknown distribution, as introduced by Rothschild in 1974. For searchers who hold Dirichlet priors, we develop a novel characterization of optimal search behavior. Our solution delivers easily computable formulas for the...