Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/271908 
Year of Publication: 
2023
Series/Report no.: 
CESifo Working Paper No. 10264
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We provide a detailed overview of the empirical implementation of the sequential search model proposed by Weitzman (1979). We discuss the assumptions underlying the model, the identifica-tion of search cost and preference parameters, the necessary normalizations of utility parameters, counterfactuals that require a search model framework, and different estimation approaches. The goal of this paper is to consolidate knowledge and provide a unified treatment of various aspects of sequential search models that are relevant for empirical work.
Subjects: 
sequential search model
JEL: 
D43
D83
L13
Document Type: 
Working Paper
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