search query: @indexterm SEARCH COSTS / total: 6
reference: 2 / 6
| Author: | Buccirossi, P. |
| Title: | A search model where consumers choose quantity based on expected price |
| Journal: | Journal of Industrial Economics
2003 : DEC, VOL. 51:4, p. 427- 432 |
| Index terms: | Consumer behaviour Consumer choice Prices Search costs |
| Language: | eng |
| Abstract: | A price game in which consumers face search costs and base their quantity decision on the expected price is described in this paper. Because of search costs, the choice of the company they will buy from is described by a random process. It is shown that the expected equilibrium price is above the monopoly price. |
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