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...

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Autori principali: Armstrong, M, Vickers, J, Zhou, J
Natura: Working paper
Pubblicazione: University of Oxford 2008