Market Frictions: A Unified Model of Search Costs and Switching Costs
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Asher Wolinsky, 1986. "True Monopolistic Competition as a Result of Imperfect Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(3), pages 493-511.
- Monica Giulietti & Michael Waterson & Matthijs R. Wildenbeest, 2010. "Estimate of Search Cost Frictions in the British Electricity Market," Working Papers 2010-09, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Monica Giulietti & Michael Waterson & Matthijs Wildenbeest, 2014.
"Estimation of Search Frictions in the British Electricity Market,"
Journal of Industrial Economics, Wiley Blackwell, vol. 62(4), pages 555-590, December.
- Giulietti, Monica & Waterson, Michael & Wildenbeest, Matthijs R., 2010. "Estimation of Search Frictions in the British Electricity Market," Economic Research Papers 270998, University of Warwick - Department of Economics.
- Giulietti, Monica & Waterson, Michael & Wildenbeest, Matthijs R., 2010. "Estimation of Search Frictions in the British Electricity Market," The Warwick Economics Research Paper Series (TWERPS) 940, University of Warwick, Department of Economics.
- Simon P. Anderson & Regis Renault, 1999.
"Pricing, Product Diversity, and Search Costs: A Bertrand-Chamberlin-Diamond Model,"
RAND Journal of Economics, The RAND Corporation, vol. 30(4), pages 719-735, Winter.
- Anderson, S.P. & Renault, R., 1997. "Pricing, Product Diversity and Search Costs: A Bertrand-Chamberlin-Diamond Model," Papers 97.481, Toulouse - GREMAQ.
- Simon P. Anderson & Regis Renault, 1999. "Pricing, product diversity, and search costs: a Bertrand-Chamberlin-Diamond model," Virginia Economics Online Papers 335, University of Virginia, Department of Economics.
- Yoonhee Tina Chang & Catherine Waddams Price, 2008.
"Gain or Pain: Does Consumer Activity Reflect Utility Maximisation?,"
Working Paper series, University of East Anglia, Centre for Competition Policy (CCP)
2008-15, Centre for Competition Policy, University of East Anglia, Norwich, UK..
- Yoonhee Tina Chang & Catherine Waddams Price, 2008. "Gain or Pain: Does Consumer Activity Reflect Utility Maximisation?," Working Papers 08-15, Centre for Competition Policy, University of East Anglia.
- Waterson, Michael, 2003.
"Consumers and Competition,"
Economic Research Papers
269563, University of Warwick - Department of Economics.
- Waterson, Michael, 2003. "Consumers and Competition," The Warwick Economics Research Paper Series (TWERPS) 679, University of Warwick, Department of Economics.
- Marco A. Haan & José L. Moraga‐González, 2011.
"Advertising for Attention in a Consumer Search Model,"
Economic Journal, Royal Economic Society, vol. 121(552), pages 552-579, May.
- Haan, Marco A. & Moraga-Gonzalez, Jose L., 2009. "Advertising for attention in a consumer search model," IESE Research Papers D/794, IESE Business School.
- Marco A. Haan & Jose Luis Moraga-Gonzalez, 2009. "Advertising for Attention in a Consumer Search Model," Tinbergen Institute Discussion Papers 09-031/1, Tinbergen Institute.
- Michael R. Baye & John Morgan & Patrick Scholten, 2006. "Information, Search, and Price Dispersion," Working Papers 2006-11, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Han Hong & Matthew Shum, 2006. "Using price distributions to estimate search costs," RAND Journal of Economics, RAND Corporation, vol. 37(2), pages 257-275, June.
- Monica Giulietti & Jesus Otero & Michael Waterson, 2010.
"Pricing behaviour under competition in the UK electricity supply industry,"
Oxford Economic Papers, Oxford University Press, vol. 62(3), pages 478-503, July.
- Giulietti, Monica & Otero, Jesus & Waterson, Michael, 2007. "Pricing behaviour under competition in the UK electricity supply industry," The Warwick Economics Research Paper Series (TWERPS) 790, University of Warwick, Department of Economics.
- Paul Klemperer, 1995. "Competition when Consumers have Switching Costs: An Overview with Applications to Industrial Organization, Macroeconomics, and International Trade," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(4), pages 515-539.
- Christou, C. & Vettas, N., 2008.
"On informative advertising and product differentiation,"
International Journal of Industrial Organization, Elsevier, vol. 26(1), pages 92-112, January.
- Vettas, Nikolaos & Christou, Charalambos, 2003. "Informative Advertising and Product Differentiation," CEPR Discussion Papers 3953, C.E.P.R. Discussion Papers.
- Monica Giulietti & Catherine Waddams Price & Michael Waterson, 2005. "Consumer Choice and Competition Policy: a Study of UK Energy Markets," Economic Journal, Royal Economic Society, vol. 115(506), pages 949-968, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Wilson, Chris M., 2012. "Market frictions: A unified model of search costs and switching costs," European Economic Review, Elsevier, vol. 56(6), pages 1070-1086.
- Wilson, Chris M, 2009. "Market Frictions: A Unified Model of Search and Switching Costs," MPRA Paper 13672, University Library of Munich, Germany.
- Nils-Henrik M. von der Fehr & Petter Vegard Hansen, 2010.
"Electricity Retailing in Norway,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 25-46.
- Nils-Henrik M. von der Fehr & Petter Vegard Hansen, 2010. "Electricity Retailing in Norway," The Energy Journal, , vol. 31(1), pages 25-46, January.
- von der Fehr, Nils-Henrik M. & Hansen, Petter Vegard, 2008. "Electricity Retailing in Norway," Memorandum 02/2009, Oslo University, Department of Economics.
- Nils-Henrik M. Von Der Fehr & Petter Vegard Hansen, 2009. "Electricity Retailing in Norway," RSCAS Working Papers 2009/04, European University Institute.
- Nils-Henrik M. Von Der Fehr & Petter Vegard Hansen, 2009. "Electricity Retailing in Norway," EUI-RSCAS Working Papers 4, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
- Yoonhee Tina Chang & Catherine Waddams Price, 2008.
"Gain or Pain: Does Consumer Activity Reflect Utility Maximisation?,"
Working Papers
08-15, Centre for Competition Policy, University of East Anglia.
- Yoonhee Tina Chang & Catherine Waddams Price, 2008. "Gain or Pain: Does Consumer Activity Reflect Utility Maximisation?," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2008-15, Centre for Competition Policy, University of East Anglia, Norwich, UK..
- Belleflamme,Paul & Peitz,Martin, 2015.
"Industrial Organization,"
Cambridge Books,
Cambridge University Press, number 9781107687899, January.
- Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107069978, November.
- Nathan Larson, 2013.
"Niche products, generic products, and consumer search,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 793-832, March.
- Larson, Nathan, 2008. "Niche products, generic products, and consumer search," MPRA Paper 32161, University Library of Munich, Germany, revised 2011.
- Anna Airoldi & Michele Polo, 2017. "Opening the Retail Electricity Markets: Puzzles, Drawbacks and Policy Options," IEFE Working Papers 97, IEFE, Center for Research on Energy and Environmental Economics and Policy, Universita' Bocconi, Milano, Italy.
- Daglish, Toby, 2015. "Consumer Governance in Electricity Markets," Working Paper Series 4183, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
- José L Moraga-González & Zsolt Sándor & Matthijs R Wildenbeest, 2021.
"Simultaneous Search for Differentiated Products: The Impact of Search Costs and Firm Prominence,"
The Economic Journal, Royal Economic Society, vol. 131(635), pages 1308-1330.
- Moraga-González, José-Luis & Sándor, Zsolt & Wildenbeest, Matthijs, 2020. "Simultaneous Search for Differentiated Products: The Impact of Search Costs and Firm Prominence," CEPR Discussion Papers 14454, C.E.P.R. Discussion Papers.
- José L. Moraga-González & Yajie Sun, 2023.
"Product Quality and Consumer Search,"
American Economic Journal: Microeconomics, American Economic Association, vol. 15(1), pages 117-141, February.
- Moraga-González, José-Luis & Sun, Yajie, 2022. "Product Quality and Consumer Search," CEPR Discussion Papers 14669, C.E.P.R. Discussion Papers.
- Erdogan, Murside Rabia & Camgoz, Selin Metin & Karan, Mehmet Baha & Berument, M. Hakan, 2022. "The switching behavior of large-scale electricity consumers in The Turkish electricity retail market," Energy Policy, Elsevier, vol. 160(C).
- Greg Kaplan & Guido Menzio, 2015.
"The Morphology Of Price Dispersion,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(4), pages 1165-1206, November.
- Greg Kaplan & Guido Menzio, 2014. "The Morphology of Price Dispersion," NBER Working Papers 19877, National Bureau of Economic Research, Inc.
- Greg Kaplan & Guido Menzio, 2014. "The Morphology of Price Dispersion," Working Papers 239, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Greg Kaplan & Guido Menzio, 2014. "The Morphology of Price Dispersion," PIER Working Paper Archive 14-002, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Matthijs R. Wildenbeest, 2011.
"An empirical model of search with vertically differentiated products,"
RAND Journal of Economics, RAND Corporation, vol. 42(4), pages 729-757, December.
- Matthijs R Wildenbeest, 2009. "An Empirical Model of Search with Vertically Differentiated Products," Working Papers 2009-01, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Fishman, Arthur & Lubensky, Dmitry, 2018. "Search prominence and return costs," International Journal of Industrial Organization, Elsevier, vol. 58(C), pages 136-161.
- Natalia Fabra & Juan-Pablo Montero, 2022.
"Product Lines and Price Discrimination in Markets with Information Frictions,"
Management Science, INFORMS, vol. 68(2), pages 981-1001, February.
- Fabra, Natalia & Montero, Juan Pablo, 2020. "Product Lines and Price Discrimination in Markets with Information Frictions," CEPR Discussion Papers 12046, C.E.P.R. Discussion Papers.
- Heski Bar-Isaac & Guillermo Caruana & Vicente Cunat, 2012.
"Search, Design, and Market Structure,"
American Economic Review, American Economic Association, vol. 102(2), pages 1140-1160, April.
- Heski Bar-Isaac & Guillermo Caruana & Vicente Cuñat, 2009. "Search, Design and Market Structure," Working Papers 09-17, NET Institute, revised Sep 2009.
- Chen, Yongmin & Li, zhuozheng & Zhang, Tianle, 2019. "A Search Model of Experience Goods," MPRA Paper 93547, University Library of Munich, Germany.
- Daniel Garcia & Sandro Shelegia, 2018.
"Consumer search with observational learning,"
RAND Journal of Economics, RAND Corporation, vol. 49(1), pages 224-253, March.
- Sandro Shelegia & Daniel Garcia, 2015. "Consumer Search with Observational Learning," Vienna Economics Papers vie1502, University of Vienna, Department of Economics.
- Maarten Janssen & Alexei Parakhonyak, 2014. "Consumer search markets with costly revisits," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(2), pages 481-514, February.
- Alexandre de Cornière, 2016. "Search Advertising," American Economic Journal: Microeconomics, American Economic Association, vol. 8(3), pages 156-188, August.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uea:ueaccp:2009_03. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Juliette Hardmad (email available below). General contact details of provider: https://edirc.repec.org/data/esueauk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.