Estimation of Preference Heterogeneity in Markets with Costly Search
@article{Morozov2021EstimationOP, title={Estimation of Preference Heterogeneity in Markets with Costly Search}, author={Ilya L. Morozov and Stephan Seiler and Xiaojing Dong and Liwen Hou}, journal={ERN: Search}, year={2021} }
The paper shows preference heterogeneity is overestimated when not accounting for search frictions and studies the impact of search frictions on optimal price setting.
11 Citations
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