ON FRUITFUL AND FUTILE TESTS OF THE RELATIONSHIP BETWEEN SEARCH AND PRICE DISPERSION.
We exploit cross-sectional and temporal differences in search intensity in order to examine the relationship between search costs and price dispersion using a hand-collected panel data set from Jerusalem's Shuk Mahane Yehuda outdoor market. We present empirical evidence that price dispersion increas...
| Publicado en: | Economic Inquiry Vol. 55; no. 4; pp. 1898 - 1919 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Oct2017
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=124834488&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 124834488 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Oct2017 vid: 55 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 124834488 10.1111/ecin.12449 ppf: 1898 ppct: 21 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.8MB tig: atl: ON FRUITFUL AND FUTILE TESTS OF THE RELATIONSHIP BETWEEN SEARCH AND PRICE DISPERSION. aug: au: Sherman, Joshua Weiss, Avi affil: Adjunct Assistant Professor, Department of Economics, Northwestern University, Evanston IL 60208 Compass Lexecon, Chicago IL 60604 Professor, Department of Economics, Bar‐Ilan University, Ramat Gan 5290002, Israel The Taub Center for Social Policy Studies in Israel, Jerusalem 9103401, Israel IZA, Bonn Germany su: Cross-sectional method Pricing Big data Search theory Economics literature sug: subj: Cross-sectional method Pricing Big data Search theory Economics literature ab: We exploit cross-sectional and temporal differences in search intensity in order to examine the relationship between search costs and price dispersion using a hand-collected panel data set from Jerusalem's Shuk Mahane Yehuda outdoor market. We present empirical evidence that price dispersion increases with the cost of search using several different measures of price dispersion; however, our interpretation of this finding is sensitive to the search proxy in question. We also address several acute difficulties facing empiricists seeking to test theoretical price-dispersion models in which consumers are heterogeneous in their search behavior. ( JEL L11, L13) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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