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Costly Buyer Search in a Differentiated Products Model: An Experimental Study.

This study examines whether the content of buyer information and the timing of its dissemination affects seller market power. We construct laboratory markets with differentiated goods and costly buyer search in which sellers simultaneously post prices. The experiment varies the information on price...

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Published in:Southern Economic Journal Vol. 77; no. 2; pp. 282 - 313
Main Author: Mago, Shakun Datta
Format: Article
Published: Wiley-Blackwell Oct2010
Subjects:
Economic equilibrium
Intuition
Economic research
Product differentiation
Market power
Purchasing agents
Online Access:View this record in EBSCOhost

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