Arbeitspapier
The Sequential Search Model: A Framework for Empirical Research
We provide a detailed overview of the empirical implementation of the sequential search model proposed by Weitzman (1979). We discuss the assumptions underlying the model, the identifica-tion of search cost and preference parameters, the necessary normalizations of utility parameters, counterfactuals that require a search model framework, and different estimation approaches. The goal of this paper is to consolidate knowledge and provide a unified treatment of various aspects of sequential search models that are relevant for empirical work.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 10264
- Classification
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Wirtschaft
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
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sequential search model
- Event
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Geistige Schöpfung
- (who)
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Ursu, Raluca
Seiler, Stephan
Honka, Elisabeth
- Event
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Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2023
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ursu, Raluca
- Seiler, Stephan
- Honka, Elisabeth
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2023
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