Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/197697 
Authors: 
Year of Publication: 
2018
Series/Report no.: 
ISER Discussion Paper No. 1024
Publisher: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Abstract: 
This study constructs a sequential consumer search model with differentiated products in which some consumers search for a single product while the others search for multiple products. When the mass of consumers who demand one of the products decreases, the price for one product decreases while another price increases due to the joint-search effect, even if the products are neither complements nor substitutes. In addition, under some conditions, this decrease in demand causes an increase in each firm's profit.
Subjects: 
consumer search
multiproduct pricing
demand heterogeneity
JEL: 
D11
D43
D83
L13
Document Type: 
Working Paper

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