Information, Search, and Price Dispersion

By Michael R. Baye, John Morgan, Patrick A. Scholten. 2006

458 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6b7d9af1acb9f21e273eef0ca0fb3d60d5f6a321

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Citations in the corpus

Quantifying Search and Switching Costs in the U.S. Auto Insurance Industry (2014, unknown): “Increasing customer satisfaction can have three e ect on consumer behavior: (1) It can prevent consumers from requesting price quotes from other insurance companies; (2) given consumers' consideration sets, it can prevent consumers from switching to a di erent insurance provider; and (3) it can incr”
Does Digital Divide or Provide? The Impact of Cell Phones on Grain Markets in Niger (2008, background): “ˆ ( ) ( ) F p F p  if min p r  , and 0 if min p r  (7) where min r is the minimum reservation price across all traders.”
A Multiple Lender Approach to Understanding Supply and Search in the Equity Lending Market (2013, background): “When there is heterogeneity in seller costs, models in which buyers must search sequentially for a seller generally yield a positive relation between average prices, price dispersion across sellers, and search costs (Reinganum (1979), Sirri and Tufano (1998), Baye, Morgan, and Scholten (2006)).”
Asymmetric Price Adjustment and Consumer Search: An Examination of the Retail Gasoline Market (2011, unknown): “(8)Surveys of this literature include McMillan and Rothschild (1994) and Baye et al. (2006). Several studies relax the assumption that consumers know the equilibrium price distribution a priori.”
THE MORPHOLOGY OF PRICE DISPERSION (2015, unknown): “Baye et al. (2006) reviewed additional case studies of price dispersion.”
An empirical model of search with vertically differentiated products (2011, background): “In what follows, let the valuation vj for the good produced by firm j be the sum of the contribution of the observable and unobservable characteristics to utility, so that equation (1) can be rewritten as”
Dial “A” for Agriculture: A Review of Information and Communication Technologies for Agricultural Extension in Developing Countries - Working Paper 269 (2011, unknown): “The reduction in search costs associated with mobile phones could increase farmers’ access to information via their private sources, such as members of their social network (Baye, Morgan and Scholten 2007, Aker 2010, Aker and Mbiti 2010).”
Value Creation and Value Capture with Frictions (2011, background): “way to model extreme rivalry.(5) But it is important to keep in mind that the outcome of a coalitional model is the result of the combination of two ingredients: the characteristic function and the solution concept (here, the core).”
Rules versus discretion in loan rate setting (2010, unknown): “4 See for example Baye, Morgan and Scholten (2006) for a comprehensive review of this literature.”
Consumer search and dynamic price dispersion: an application to gasoline markets (2011, background): “Contact: ambarish.chandra@sauder.ubc.ca and mariano.tappata@sauder.ubc.ca 1See Stahl (1996) and Baye et al. (2006) for a comprehensive literature review on consumer search theory. role of search in generating price dispersion.”