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Consumer Search and Stock-out: A Laboratory Experiment

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  • Yuta KITTAKA
  • Ryo MIKAMI

Abstract

We investigate the overall impact of stock-out on individual consumers' information search behavior through both search-theoretic and experimental approaches. As the probability of stock-out increases, search intensity decreases, while the expected number of searches may increase. Such increases in stock-out probability also deter consumers from participating in the market.

Suggested Citation

  • Yuta KITTAKA & Ryo MIKAMI, 2020. "Consumer Search and Stock-out: A Laboratory Experiment," ISER Discussion Paper 1104, Institute of Social and Economic Research, Osaka University.
    • Handle: RePEc:dpr:wpaper:1104
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    File URL: https://www.iser.osaka-u.ac.jp/library/dp/2020/DP1104.pdf
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