Search for differentiated products: identification and estimation

When consumers search for differentiated products, a given search decision can be explained either by low search cost or by low tastes for the set of products already found. We propose an identification strategy that allows to estimate the search cost distribution in the presence of unobserved taste...

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Bibliographic Details
Published in:The Rand journal of economics 2014-09, Vol.45 (3), p.553-575
Main Author: Koulayev, Sergei
Format: Article
Language:English
Subjects:
Consumer behaviour
Consumer choice
Consumer economics
Consumer prices
Consumers
Cost allocation
Cost estimates
Cost estimation models
Decision making
Decision making models
Economic costs
Elasticity of demand
Hotellerie
Identification
Information search
Internetportal
Konsumentenverhalten
Online searching
Preiselastizität
Price elasticity
Product differentiation
Produktdifferenzierung
Search strategies
Studies
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