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 …, but reduce prices when consumers search intensityis high. These different comparative statics results may explain themixed …

In this paper we develop a model capturing key features of the Roy model, a search model, compensating differentials … the job match obtained by search frictions varies from around 9% to around 29% depending on how we account for other … features. Compensating differentials and search are both very important for explaining other features of the data such as the …

that the case for imposing a penalty on less active job search is fairly solid. A growing number of empirical studies …

monitoring and sanctions restores search incentives most effectively, since it brings additional incentives to search actively so …

This note presents an ordered search model in which consumers search both for price and product fitness. We construct … an equilibrium in which there is price dispersion and prices rise in the order of search. The top firms in consumer … search process, though charge lower prices, earn higher profits due to their larger market shares. …

This paper builds a consumer search model where the cost of going back to stores already searched is explicitly taken … into account. We show that the optimal search rule under costly recall is very different from the optimal search rule under … perfect recall. Under costly recall, the optimal search behaviour is nonstationary and, moreover, the reservation price is not …