
doi: 10.1093/jeea/jvx017
The paper discusses situations in which consumers search through their options in a deliberate order, in contrast to more familiar models with random search. Topics include: network effects (consumers may be better off following the same search order as other consumers); the use of price and non-price advertising to direct search; the impact of consumers starting a new search with their previous supplier; the incentive sellers have to merge or co-locate with other sellers; and the incentive a seller can have to raise its own search cost. I also show how ordered search can be reformulated as a simpler discrete choice problem without search frictions.
L15 - Information and Product Quality, Size Distribution of Firms, Communication, Unawareness, Information and Knowledge, D43 - Oligopoly and Other Forms of Market Imperfection, M37 - Advertising, D83 - Search, Belief, Learning, D21 - Firm Behavior: Theory, and Market Structure, Standardization and Compatibility, Pricing, L11 - Production
L15 - Information and Product Quality, Size Distribution of Firms, Communication, Unawareness, Information and Knowledge, D43 - Oligopoly and Other Forms of Market Imperfection, M37 - Advertising, D83 - Search, Belief, Learning, D21 - Firm Behavior: Theory, and Market Structure, Standardization and Compatibility, Pricing, L11 - Production
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 94 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Top 1% | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |
