Prominence and consumer search

This paper examines the implications of "prominence" in search markets. We model prominence by supposing that the prominent firm will be sampled first by all consumers. If there are no systematic quality differences among firms, we find that the prominent firm will charge a lower price t...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awduron: Armstrong, M, Vickers, J, Zhou, J
Fformat: Working paper
Cyhoeddwyd: University of Oxford 2008