Consumer search with observational learning
نویسندگان
چکیده
منابع مشابه
Informational Asymmetries and Observational Learning in Search
As economics modeling moves from super rational decision makers to considering boundedly rational agents, some economic problems deserve a second look. This paper studies the effects of learning on the efficiency of search. Once learning is taken into account, the structure of information flow becomes important. In particular, I highlight the truncated information structure in the search proble...
متن کاملObservational Learning and Demand for Search Goods
In many differentiated good markets like music, books, and movies, the choice set of available products is overwhelmingly large, with many new products flowing into the market each week. Consumers are not aware of or are poorly informed about many of the available products. They learn about products and their preferences for them from the search and purchasing decisions of other consumers and t...
متن کاملOnline Consumer Misbehavior: The Effects of WOM versus Observational Learning
Word of mouth (WOM) and observational learning (OL), as two types of social interaction, have been generally studied by researchers. And they have significant impacts on consumers’ purchase decision. However, few researches pay attention to their influences on online misbehavior. In this paper, we respectively examined the effect of these variables on consumers’ misbehavior. Moreover, Machiavel...
متن کاملConsumer Search with Chain Stores
The paper explores a consumer search setting where the sellers have asymmetries. The model is an extension of the popular Stahl Model, which is widely used in the literature. The extension introduces sellers with heterogeneous stores number, reflecting the typical market structure. The market consists of several sellers heterogeneous in size consumers, some of which face a cost when sequentiall...
متن کاملPosition Auctions with Consumer Search
This paper examines a model in which position auctions influence consumer search. Both the selection of firms to include and the ordering of firms affect the efficiency of consumer search. Implications for reserve prices, click-through weights, and product variety are discussed. A two-stage auction mechanism is proposed. JEL Classification No.: D44, L86, M37
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2018
ISSN: 0741-6261
DOI: 10.1111/1756-2171.12224