Zhou, J.;
(2009)
Ordered search in differentiated markets.
(ELSE Working Papers
340).
ESRC Centre for Economic Learning and Social Evolution: London, UK.
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Abstract
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.
| Type: | Working / discussion paper |
|---|---|
| Title: | Ordered search in differentiated markets |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://else.econ.ucl.ac.uk/newweb/papers.php#2009 |
| Language: | English |
| Additional information: | Please see http://eprints.ucl.ac.uk/17496/ for the Munich Personal RePEc Archive Series working paper version |
| Keywords: | Search, price dispersion, product differentiation |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/18670 |
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