Similar Search Results

Risk and loss aversion, price uncertainty and the implications for consumer search

Soetevent, Adriaan R.; Bruzikas, Tadas - 2016

Do the choices of consumers who search for a product's best price exhibit risk neutral, risk averse or loss averse risk … pay for continued search and the level of price uncertainty depends on her risk preferences. Independent of the current … best price, an increase in price uncertainty encourages continued search when consumers are risk neutral. However, we prove …

Persistent link: https://www.econbiz.de/10011520488

The Role of Memory in Search and Choice

Sanjurjo, Adam - 2019

I introduce a simple model of memory load in multiple attribute search and prove which types of search behavior require the least amount of memory load. The model is easily implementable and tracks choice error rates in the lab. The results on minimum memory load search can be used to explain a...

Persistent link: https://www.econbiz.de/10014143158

Choice by Iterative Search

Masatlioglu, Yusufcan - 2009

In many real-life decisions, either information about alternatives is missing, or decision makers have limited cognitive capacity to go through all alternatives. To capture these situations, we propose and axiomatically characterize a new descriptive search model in which a decision maker...

Persistent link: https://www.econbiz.de/10013160298

Choice by iterative search

Masatlioglu, Yusufcan; Nakajima, Daisuke - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 3, pp. 701-728

When making choices, decision makers often either lack information about alternatives or lack the cognitive capacity to analyze every alternative. To capture these situations, we formulate a framework to study behavioral search by utilizing the idea of consideration sets. Consumers engage in a...

Persistent link: https://www.econbiz.de/10011685228

Search with Multiple Attributes : Theory and Empirics

Sanjurjo, Adam - 2017

Multiple attribute search is a central feature of economic life: we consider much more than price when purchasing a home, and more than wage when choosing a job. Nevertheless, while single attribute search problems have been studied extensively, little is known about optimal search in multiple...

Persistent link: https://www.econbiz.de/10012973045

Dynamic pricing with search frictions

García, Daniel - 2017

We study markets for perishable goods with search frictions. Sellers have a single unit of a good and post prices in every period. Buyers engage in costly search to observe prices and match values. In equilibrium trade starts endogenously and the volume of trade increases over time. Under mild...

Persistent link: https://www.econbiz.de/10011761525

Multiproduct firms, consumer search, and demand heterogeneity

Kittaka, Yuta - 2018

This study constructs a sequential consumer search model with differentiated products in which some consumers search for a single product while the others search for multiple products. When the mass of consumers who demand one of the products decreases, the price for one product decreases while...

Persistent link: https://www.econbiz.de/10011804803

Nonlinear prices, homogeneous goods, search

Atayev, Atabek - 2021

We analyze competition on nonlinear prices in homogeneous goods markets with consumer search. In equilibrium firms offer two-part tariffs consisting of a linear price and lump-sum fee. The equilibrium production is socially efficient as the linear price of equilibrium two-part tariffs equals to...

Persistent link: https://www.econbiz.de/10012672138

Consumer search and stock-out : a laboratory experiment

Kittaka, Yuta; Mikami, Ryo - 2020

We investigate the overall impact of stock-out on individual consumers' information search behavior through both search-theoretic and experimental approaches. As the probability of stock-out increases, search intensity decreases, while the expected number of searches may increase. Such increases...

Persistent link: https://www.econbiz.de/10012291229

Consumer search costs and preferences on the internet

Jolivet, Grégory; Turon, Hélène - 2014

We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price dispersion among adverts for the same product. We also show...

Persistent link: https://www.econbiz.de/10010436160