Consumer search with asymmetric price sampling
Abstract
We explore asymmetries in the way consumers sample prices in a simple sequential search framework. In equilibrium, the price distribution of a firm catering to more local consumers first-order stochastically dominates that of its rival. Prices rise in the degree of asymmetry. © 2013.
Publication Title
Economics Letters
Recommended Citation
Astorne-Figari, C., & Yankelevich, A. (2014). Consumer search with asymmetric price sampling. Economics Letters, 122 (2), 331-333. https://doi.org/10.1016/j.econlet.2013.12.019
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