Multiproduct firms, consumer search, and demand heterogeneity

Arbeitspapier

This study constructs a sequential consumer search model with differentiated products in which some consumers search for a single product while the others search for multiple products. When the mass of consumers who demand one of the products decreases, the price for one product decreases while another price increases due to the joint-search effect, even if the products are neither complements nor substitutes. In addition, under some conditions, this decrease in demand causes an increase in each firm's profit.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ISER Discussion Paper ; No. 1024

Classification and Topics

• Classification: Wirtschaft ; Consumer Economics: Theory ; Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness ; Oligopoly and Other Imperfect Markets
• Subject: consumer search ; multiproduct pricing ; demand heterogeneity

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kittaka, Yuta
• Event: Veröffentlichung
• (who): Osaka University, Institute of Social and Economic Research (ISER)
• (where): Osaka
• (when): 2018

Further information

• Handle: http://hdl.handle.net/10419/197697
• Last update: 10.03.2025, 11:43 AM CET