Learning from the experiences of other innovators is a crucial aspect of the innovation process when several workers or teams explore new research avenues in parallel. In such a setting, under-exploration may result as workers attempt to free-ride on the new ideas generated by co-workers. This...

Consumer search is not only costly but also tiring. We characterize the intertemporal effects that search fatigue has on oligopoly prices, product proliferation, and the provision of consumer assistance (i.e., advice). These effects vary based on whether search is all-or-nothing or sequential in...