Journal ArticleDOI
Equilibrium price dispersion
Kenneth Burdett,Kenneth L. Judd +1 more
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This article is published in Econometrica.The article was published on 1983-07-01. It has received 1261 citations till now. The article focuses on the topics: Price dispersion.read more
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Economics of Information
TL;DR: In this article, the authors introduce the concept of ''search'' where a buyer wanting to get a better price, is forced to question sellers, and deal with various aspects of finding the necessary information.
Journal ArticleDOI
Looking into the Black Box: A Survey of the Matching Function
TL;DR: This paper surveys the microfoundations, empirical evidence, and estimation issues underlying the aggregate matching function and discusses spatial aggregation issues, and implications of on-the-job search and of the timing of stocks and flows for estimated matching functions.
Journal ArticleDOI
Frictionless Commerce? A Comparison of Internet and Conventional Retailers
TL;DR: The authors empirically analyzes the characteristics of the Internet as a channel for two categories of homogeneous products-books and CDs-using a data set of over 8,500 price observations collected over a period of 15 months, comparing pricing behavior at 41 Internet and conventional retail outlets.
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Frictionless Commerce? A Comparison of Internet and Conventional Retailers
TL;DR: The authors empirically analyzes the characteristics of the Internet as a channel for two categories of homogeneous products (books and CDs) using a data set of over 4,500 price observations collected over a period of 9 months.
References
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Journal ArticleDOI
Information and Consumer Behavior
TL;DR: In this article, the authors argue that consumers lack full information about the prices of goods, but their information is probably poorer about the quality variation of products simply because the latter information is more difficult to obtain.
Posted Content
Economics of Information
TL;DR: In this article, the authors introduce the concept of ''search'' where a buyer wanting to get a better price, is forced to question sellers, and deal with various aspects of finding the necessary information.
Book ChapterDOI
The Economics of Information
TL;DR: In this paper, the identification of sellers and the discovery of their prices is described as an example of the role of the search for information in economic life, and the identification and discovery of prices of goods and services is discussed.
Journal ArticleDOI
The economics of job search: a survey*
Steven A. Lippman,John J. McCall +1 more
TL;DR: In this paper, the authors present a comprehensive and inte- grated analysis of job search, which is characterized by incomplete information and search is conducted in an optimal manner, and a variety of job-search models are studied in this microeconomic setting.