Elasticity of demand for search

DOI10.1016/S0165-1765(99)00282-7MaRDI QIDQ1978771zbMATH OpenOpenAlexFDO

Authors Steven A. Lippman, Michael A. Arnold

Publication date 4 June 2000

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1765(99)00282-7

zbMATH Keywords

elasticityhazard ratesearch

Mathematics Subject Classification ID

Search theory (90B40)

Review text

This paper investigates the demand elasticity of search. We provide a new characterization of monotone hazard rate and of the first-order condition determining the optimal reservation price, and prove that the demand for information is elastic if the hazard rate function \(h\) for the distribution of offers is decreasing and inelastic if \(h\) is increasing.

Recommendations

• Search, Obfuscation, and Price Elasticities on the Internet
• Consumer search costs and preferences on the Internet
• Consumer search markets with costly revisits
• Search, Sticky Prices, and Inflation
• Consumer Search Behavior and Its Effect on Markets
• Search, Price Setting and Inflation
• Variations in price elasticities
• Dynamic advertising and pricing with constant demand elasticities
• Consumer search and price competition

This page was built for publication: Elasticity of demand for search

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1978771)