| dc.creator |
Janssen, Maarten C. W. |
|
| dc.creator |
Moraga-González, José Luis |
|
| dc.creator |
Wildenbeest, Matthijs R. |
|
| dc.date |
2004 |
|
| dc.date.accessioned |
2013-10-16T07:01:59Z |
|
| dc.date.available |
2013-10-16T07:01:59Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/18930 |
|
| dc.identifier |
ppn:471199745 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/18930 |
|
| dc.description |
This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and, using the theoretical restrictions firm and consumer behavior impose on the data, we study the empirical validity of the models. Two equilibria arise: one with costless search and the other with costly search. We find that the costless search equilibrium works well for products with a relatively low value, and, by implication, a small number of sellers. By contrast, the costly search equilibrium explains the observed data in a manner that is consistent with the underlying theoretical model for almost all products (for 86 out of 87!). |
|
| dc.language |
eng |
|
| dc.publisher |
|
|
| dc.relation |
CESifo working papers 1292 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
D83 |
|
| dc.subject |
D40 |
|
| dc.subject |
L13 |
|
| dc.subject |
C13 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
consumer search |
|
| dc.subject |
oligopoly |
|
| dc.subject |
price dispersion |
|
| dc.subject |
maximum likelihood estimation |
|
| dc.subject |
Konsumentenverhalten |
|
| dc.subject |
Informationskosten |
|
| dc.subject |
Suchtheorie |
|
| dc.subject |
Oligopol |
|
| dc.subject |
Theorie |
|
| dc.title |
Consumer search and oligopolistic pricing : an empirical investigation |
|
| dc.type |
doc-type:workingPaper |
|