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Constrained Fixed Sample Search

Author

Listed:
  • Roberto Bonilla

    (Newcastle University)

  • Francis Kiraly

    (Newcastle University)

Abstract

We consider a version of the Stigler model of fixed sample price search, where consumer utility depends on whether or not at least one sampled price fulfils a pre-set target. We establish that search intensity is a non-monotonic function of this target. We also point out a hitherto unexamined disadvantage of fixed sample search compared to sequential search.

Suggested Citation

  • Roberto Bonilla & Francis Kiraly, 2020. "Constrained Fixed Sample Search," Economics Bulletin, AccessEcon, vol. 40(2), pages 1645-1650.
    • Handle: RePEc:ebl:ecbull:eb-19-00567
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I2-P141.pdf
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    References listed on IDEAS

    as
    1. Roberto Bonilla & Francis Kiraly & John Wildman, 2019. "Beauty Premium And Marriage Premium In Search Equilibrium: Theory And Empirical Test," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 60(2), pages 851-877, May.
    2. Bonilla, Roberto & Kiraly, Francis, 2013. "Marriage wage premium in a search equilibrium," Labour Economics, Elsevier, vol. 24(C), pages 107-115.
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    More about this item

    Keywords

    fixed sample search; constrained search.;

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling

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