Huanxing Yang

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This paper provides empirical evidence relating search to price movements. We measure consumer search directly from traffic statistics for web sites that report gasoline prices. We show empirically that consumers search more as prices rise than they do when prices fall. Asymmetric search patterns have consequences for price behavior. Our findings indicate(More)
This paper studies a cheap talk model in which two senders having partial and non-overlapping private information simultaneously communicate with an uninformed receiver. The sensitivity of the receiver's ideal action to one sender's private information depends on the other sender's private information. We show that the senders'information transmissions(More)
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We analyze a repeated prisoners' dilemma game played in a community setting with heterogeneous types. The setting is such that individuals choose whether to continue interacting with their present partner, or separate and seek a new partner. Players' types are not directly observed, but may be imperfectly inferred from observed behavior. We focus on a class(More)
for helpful discussions. ABSTRACT We study the monopolistic …rm's selling mechanism when consumers are required to learn how to use products. We compare the case where the …rm helps consumers learn the product features and bene…ts, to the case where the …rm does not provide any help. In the latter case, the …rm may design the products to induce(More)
This paper develops a search model to explain the long tail e¤ect. Search targetibil-ity or the quality of search is explicitly modeled. Consumers are searching for the right products within the right categories. Mainstream consumers are distinguished from long tail consumers in terms of the prevalence of consumer tastes in the population. We show that(More)
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