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• W2095699306 abstract "Using a large dataset on web browsing and purchasing behavior we test to what extent consumers are searching in accordance to various search models. We find that the benchmark model of sequential search with a known price distribution can be rejected based on recall patterns found in the data as well as the absence of dependence of search decisions on prices. Our findings suggest fixed sample size search provides a more accurate description of search behavior. We then utilize the fixed sample size search model to estimate demand elasticities of online bookstores in an environment where store preferences are heterogeneous. (JEL D12, D83, L81)" @default.
• W2095699306 created "2016-06-24" @default.
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• W2095699306 date "2012-10-01" @default.
• W2095699306 modified "2023-10-11" @default.
• W2095699306 title "Testing Models of Consumer Search Using Data on Web Browsing and Purchasing Behavior" @default.
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• W2095699306 doi "https://doi.org/10.1257/aer.102.6.2955" @default.
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