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- W3017304517 abstract "Abstract This paper studies consumer search behavior in markets where sellers must incur fixed costs to win a contract. We show that consumers face a commitment problem if their search intensities are not observed by sellers. Welfare is maximized when consumers can precommit to a limited number of searches, but in the absence of the ability to commit, consumers search more than the optimum. A decline in search costs can exacerbate the commitment problem and leave consumers potentially worse off." @default.
- W3017304517 created "2020-04-24" @default.
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- W3017304517 date "2020-03-25" @default.
- W3017304517 modified "2023-09-27" @default.
- W3017304517 title "Search and Bidding Costs" @default.
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- W3017304517 doi "https://doi.org/10.1515/bejeap-2019-0143" @default.
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