TY  - GEN
N1  - Please see http://eprints.ucl.ac.uk/17496/ for the Munich Personal RePEc Archive Series working paper version
A1  - Zhou, J.
PB  - ESRC Centre for Economic Learning and Social Evolution
KW  - Search
KW  -  price dispersion
KW  -  product differentiation
Y1  - 2009/08//
CY  - London, UK
TI  - Ordered search in differentiated markets
AV  - public
N2  - 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.
ID  - discovery18670
UR  - http://else.econ.ucl.ac.uk/newweb/papers.php#2009
T3  - ELSE Working Papers
ER  -