Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142560
Authors: 
Zhou, Jidong
Year of Publication: 
2009
Series/Report no.: 
EERI Research Paper Series 28/2009
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.
Subjects: 
Search
price dispersion
product differentiation
JEL: 
D43
D83
L13
Document Type: 
Working Paper

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